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.

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

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 ?

And we will now rely on his submission of new set of nominees.'

Thorough study, firm decision needed on Cardema case: Guanzon

The Comelec is expected to tackle the group's refiling of substitute nominees on Wednesday.

Ex-Comelec chief blocks Cardema bid as Duterte Youth rep

Arquiza, as well as Francisco Datol and Milagros Magsaysay, are all claiming to be the president of Senior Citizens and have each been endorsing different sets of nominees for the party-list.

Senior Citizens party-list seeks Comelec action on other blocs, other nominees

Here are the votes for the four nominees, showing the ballots for, against, abstaining and the percentage of support each received.

Surprise! Majlis approves all Rohani cabinet choices

The opposition alliance reportedly voted for PPP nominee as planned.

Bilawal says will urge PML-N to change its PM nominee

Amankona, the nominee is an old retired educationist and has a 'retired mind', which would not help develop the new district.

APPROVAL OF DCEs PURE BIZ Taking money from the nominee is normal because the entire process is business, and nobody should do business and lose -Assembly Member

Insurance contract will be terminated on payment of benefits to the nominee. In legal terms, that's not the end of the story.

Life insurance: Who can qualify as a beneficiary?

The Pellegrini cabinetPrime Minister: Peter Pellegrini (Smer)Deputy PM for investments: Richard Rasi (Smer)Foreign Affairs: Miroslav Lajak (Smer)Labour, Social Affairs and Family: Jan Richter (Smer)Economy: Peter Ziga (Smer)Finance: Peter Kazimir (Smer)Health: Tomas Drucker (Smer nominee)Interior: Jozef Raz (Smer nominee)Culture: ubica Lassakova (Smer)Justice: Gabor Gal (Most-Hid)Environment: Laszlo Solymos (Most-Hid)Transport: Arpad ersek (Most-Hid)Agriculture: Gabriela Matena (SNS nominee)Defence: Peter Gajdos (SNS nominee)Education: Martina Lubyova (SNS nominee)Rasi is backAnother two Most-Hid's ministers are not leaving their departments: Arpad Ersek remains the transport minister, and his party colleague, Laszlo Solymos, maintains the environment minister post.

Pellegrini's cabinet bets on a non-partisan interior minister

She is currently facing a lawsuit for the 'wrongful death' of the late Pastor Desiree Fahnbulleh at the nominee's private hospital called Hope for Women International Incorporated .

Senate holds presidential nominees

The White House points to the long, behind-the-scenes process of shepherding each nominee from selection to confirmation as a key cause of the current backlog.

Hundreds of Top Jobs Sit Unfilled Nearly 150 Days Into Donald Trump's Term

According to a statement, Special Assistant to CM Sindh on Human Rights will be its chairperson while Secretary to government of Sindh Law, Parliamentary Affairs and Human Rights or his nominee

Provincial task force on Human Rights set up

Another nominee, Paul McCartney will be joined by Ringo Starr to receive the 2014 Recording Academy Lifetime Achievement Award for the former band, the Beatles.