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 ?
"New road signs with unique street names have been set up in Al Falah area, Al Bahia area, Mariah Island and the old Al Nahyan camp area.
If we go back to the original Intramuros street names, then Andres Soriano will revert to Aduana, the centuries-old street where the former customs house was located.
However, she added: "We do think there are ways to strengthen the draft policy to ensure Welsh is visible on every single current street name.
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And when allocating new street names the council strives to use historical names with a connection to the area in which the new development is located, believing these names satisfy that criteria.
So all proposals for new street names and property numbers, or changes to existing ones must be sent to the council for checking and approval before use.
Of the 301 street names selected by the Umm al-Fahm municipality, the Israeli Interior Ministry has stalled the approval of 60.
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ySTANBUL (CyHAN)- A total of 3,030 people have signed a petition that has been delivered to the E[currency]iE-li Municipality in ystanbul on Monday morning demanding that it change street names with Turkish nationalist connotations in the district's KurtuluE- neighborhood.
While the city's 32 main thoroughfares have been marked out on overhead signs with unique names and route numbers, work is under way to select 6,600 unique street names for internal roads and secondary streets, officials explained.