Non-Objecting Beneficial Owner(redirected from Nonobjecting Beneficial Owners)
NOBO (Non-Objecting Beneficial Owner)
A beneficial ("street") security holder who has not objected to his or her name being released to the Corporation, if the Corporation so requests.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Non-Objecting Beneficial Owner
A beneficial owner who has given his/her brokerage or bank permission to release his/her name and address to the publicly-traded companies in which the beneficial owner has stock. A beneficial owner is the effective owner of a security or asset, even though the security is actually held by the brokerage or bank. Registering oneself as a NOBO enables the company to contact the beneficial owner about the general meeting and give him/her other information.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved