nominee

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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 ?
* On Tuesday, March 19, the candidate forum for District 300 and ECC will be held from 7 to 9 p.m.
During November 30 to December 1 hearing of the appeals against the candidates would be conducted and on December 3, the candidates could withdraw their nomination papers.
This time the Pakistan Peoples Party (PPP) has awarded the maximum number of tickets (19) to women candidates 11 in Punjab, five in Sindh and three in Khyber Pakhtunkhwa.
"Among major parties, 83(37%) out of 224 candidates from BJP, 59 (27%) out of 220 candidates analysed from Indian Nataional Congress, 41(21%) out of 199 candidates analysed from Janata Dal (Secular) [JD(S)] , 5 (20%) out of 25 candidates analysed from Janata Dal (United) [JD (U)] , 5 (19%) out of 27 candidates analysed from Aam Aadmi Party [AAP] and 108 (10%) out of 1090 independent candidates have declared criminal cases against themselves in their affidavits," said the report.
examination 2019 (male) were 61,120 out of 19,946 candidates passed the exams while the pass percentage was 32.63.
On PK-105 Khyber-I, the ECP has declared Independent candidate Shafiq Afridi as winner with 19,733 votes.
A full 82 percent of 1,000 likely 2006 voters surveyed said they believe it is likely that, as a result of publicly financed elections, candidates will win on their ideas, not because of the money they raise.
In fact, John Lewis, a King associate and now a member of Congress, has stated on numerous occasions that King never endorsed a candidate for public office.
* Barney Frank of Massachusetts is a shoo-in to beat write-in Republican candidate Chuck Morse for the fourth congressional district seat he has held since 1980.
But Halperin and Harris believe there's no such a thing as an objectively electable candidate. You're only as electable as you look once you've been chewed up and spat out by the bloggers, cable-TV babblers, and talk-radio jocks who populate the Freak Show.
Tory Candidate: Oliver Colvile Majority: 523 Swing needed to Labour: 0.55% Labour Candidate: Luke Pollard
Their active participation and volunteer activities can help a pro-life candidate build a strong campaign.