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 ?
* Many of the street names on the MSAG were informally identified as private streets.
In 2003, the city replaced 1,062 street name signs, 121 more than were replaced in 2002.
The council "works towards parity" between Welsh and English, and to this end, "annual monitoring of street names will be carried out".
Living Streets Scotland's director Stuart Hay said: "The poll is light-hearted but we hope it inspires people to get out and find the love in their street names.
DAILY SAYS 8 The policy also says the word "the" should not appear in any street name in Welsh or English.
STREET NAMES LAST month we ran an article on some street names in Binley, Coventry and the miners behind them.
"We would like to hear suggestions from people all over the city." For a chance to name a street in Birmingham and win family cinema tickets, please text "street", followed by your proposed street name and area you live in to 60066.
Northern Ireland, the North West and Greater London were the only regions not to include High Street within their top ten street names. Clough Close was the favourite street name in the North, which does not feature in any other region or within the nation's top 50
Commenting on the names, Gary Verity of Bradford & Bingley Estate Agents said: "Many of our street names go back centuries and often refer to particular parts of a city, town or village.
Almondbury The following crimes were reported in the Almondbury area but the victims did not want the street name disclosed: Six alloy wheels and tyres were stolen from an unlocked vehicle parked on a drive.
For Love Street in Paisley is in the running for the UK's most romantic street name.
"Over [2015], the Municipality of Abu Dhabi City will be installing just under 17,000 new street name signs.