nominee

(redirected from nominees)
Also found in: Dictionary, Thesaurus, Legal.

Nominee

A person or firm to whom securities or other properties are transferred to facilitate transactions, while leaving the customer as the actual owner.

Nominee

A company, usually a brokerage, which holds legal ownership of a security while beneficial ownership is held by someone else, usually a client. Allowing the nominee to hold title to the security facilitates trade; that is, the brokerage can sell the security directly rather than needing to seek the client's permission for each transaction. The client receives all dividends and other benefits of ownership.

nominee

A person or an organization in whose name a security is registered even though true ownership is held by another party.

nominee

a company or trust which holds FINANCIAL SECURITIES on behalf of a person or other company. Nominees may be professional investment managers who hold portfolios of financial securities on behalf of investors (see UNIT TRUST). Alternatively nominees may be used to buy and hold shares in a particular company on behalf of investors who wish to remain anonymous (often prior to making a TAKEOVER BID for the company). However, UK company law provisions on the DISCLOSURE OF SHAREHOLDINGS make it difficult for a BENEFICIAL OWNER to accumulate large blocks of shares in a company without being forced to reveal his identity. See SHARE REGISTER.

nominee

One who is designated to act for another in a limited sense. It could be a trustee, an agent,or a straw man.

References in periodicals archive ?
Moreover, it was very apparent that even nominees with support of home-state senators and who were processed through the Committee werent getting votes on the floor.
The nominee ministers are expected to show up in person in the parliament before the MPs decide to begin the voting process.
Whereas, historically, nominees were routinely uninvolved in the appointment process, they have now become active participants.
Presidential Use of Public Appeals on Behalf of Judicial Nominees
Host Ellen DeGeneres, left, danced a jig in honor of the nominees while, above from left, Jack Black, John C.
25 that four bishops have been nominated for the position of presiding bishop, including the first female nominee.
By contrast, the Senate confirmed 204, or 95%, of Bush's nominees for judgeships in his first term.
Further information on either the technology awards or the 2005 executive committee nominee slate is available from the Rubber Division (330) 972-7814.
Even before January 1995, when Republicans took control of the Senate, which must approve federal-court selections, Clinton specifically sought nominees who were acceptable to conservatives such as U.
Elgamal, Ramius' nominees are independent industry experts who are more qualified to oversee the Company at this critical time.
Best new artist nominee Imogen Heap channeled her offbeat, ethereal music into her wacky wood-nymph ensemble, pairing a houseplant hat with a ruffled Can-Can skirt and some "Factory Girl"-style white boots.
There should be at least three and up to five nominees.