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 ?
4- Daud Ali Najafi, Nominee Minister of Transport and Aviation
Throughout the second half of the 19th century and the first half of the 20th century, it was the standard practice, unless Senators at the outset found a nominee to be objectionable for some reason, for the committee to act on and dispose of a nomination within days of receiving it.
7 percent) of the cases in the analysis, the president made reference to a nominee who had been referred by the Judiciary Committee but who had yet to be voted on by the full Senate.
Taking a break from camping it up between Pirates of the Caribbean and Charlie and the Chocolate Factory, actor nominee Johnny Depp found time to play a writer whose friendship with a family of young boys is inevitably misunderstood.
Senator Bill Bradley, New Jersey Democrat, demanded that the Clinton Administration stick with Sarokin, and the nominee was confirmed by a comfortable 63-35 Senate vote--a far wider margin than that of Bush Supreme Court nominee Clarence Thomas.
Elgamal, Ramius' nominees are independent industry experts who are more qualified to oversee the Company at this critical time.
Best female country nominee LeAnn Rimes looked grown-up and glamorous in an aubergine matte jersey gown from Monique Lhuillier with a deep V-neck and turquoise beaded waist.
The name of any nominee who receives fewer than 10 per cent of the votes cast in each of the orders of the laity and clergy will be removed from the ballot before the next vote.
When Hatch signaled that one district court nominee was unconfirmable because of his record of representing plaintiffs in police brutality cases, the nomination was withdrawn.
For the first time in GRAMMY([R]) history, international sensation and current nominee Shakira will perform, and fellow nominee Wyclef Jean will join her; current nominees Chris Brown, Lionel Richie and Smokey Robinson will take the stage in a special GRAMMY Moment segment paying tribute to the tradition of great male R&B artists; and nominees Rascal Flatts will perform with previously announced nominee Carrie Underwood in a tribute to country rock on the 49th Annual GRAMMY Awards, it was announced today by The Recording Academy([R]).
best supporting actor nominee for ``Little Miss Sunshine''