Street name

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Street name

Registration under which securities maybe held by a broker on behalf of a client but be registered in the name of the Wall Street firm.

Nominee Name

The brokerage or other company that is the legal owner of a security held on behalf of a client. Even though the client is the actual owner, the nominee holds title to the security because this makes the legalities of transferring the security easier if and when it is sold. The nominee must turn the security over to the client if requested. The nominee name is also called the street name. See also: Beneficial Ownership, Safekeeping.

street name

Used to describe registration of a customer-owned security in the name of the brokerage firm holding the certificate. A security is held in street name to simplify trading because no delivery of or signature on the certificate is required, or because the certificate is being used as collateral in a margin account. See also delivery instructions.

Street name.

Street name is a way to identify stock that is registered in a broker-dealer's name rather than in the name of the actual, or beneficial, owner.

Stock registered in street name is also said to be held in nominee name. The advantage of having your stocks registered in street name is that the shares are secure and at the same time can be traded more easily. That's because you don't have to sign and deliver the stock certificates before a sale can be completed.

There's an advantage from the broker-dealer's perspective as well, since stocks held in street name can be used to complete a trade or in other transactions, subject to regulatory limits.

References in periodicals archive ?
If you are looking for a bargain, a road name ending in Court might be your best bet, with an average price of PS184,300, while a home in a Close has an average price of PS222,215.
Her life plays a big role in the history of Bartley Green, and this road name helps to continue her legacy.
The similarity of the two road names received attention during the recent accident.
uk or write to him at Cardiff council, Atlantic Wharf, Cardiff CF10 4UW, with their suggestions for the new road name and why they believe their choice would be appropriate.
AUTHOR Sir Terry Pratchett revealed Discworld-inspired road names yesterday at a new housing estate in the town linked to the imaginary world.
It's a shame they haven't got more road names so that they could include players' names, but the founder of the modern Cardiff City Football Club is OK.
But England's former captain Lawrence Dallaglio has missed out on a road name.
HIGH STREET is the most popular road name in the UK, followed by Station Road and Main Street.
I have, for some six years, endeavoured to have the Welsh equivalent of my road name acknowledged and printed on the register of electors form - all to no avail.
Resident Reg Stanley said: "If people had known the road name when they bought they may have chosen to live elsewhere".
Rank Road name Sales Average price 1 Arthur Terrace, New Marske3 pounds 65,000 2 Dale Street, New Marske price 1 Arthur Terrace, New Marske3 pounds 65,000 2 Dale Street, New Marske 2 pounds 72,975 3 Church Street, Marske 2 pounds 86,750 4 Chapel Street, Marske 3 pounds 88,000 5 Barnaby Close, Marske 2 pounds 88,250 6 West Terrace, New Marske2 pounds 89,500 7 Church Close, Marske 4 pounds 93,250 8 Redcar Road, Marske 4 pounds 93,350 9 Hill View Tce, New Marske 2 pounds 95,000 10 Limes Crescent, Marske 5 pounds 96,000