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 ?
And we will now rely on his submission of new set of nominees.'
The Comelec is expected to tackle the group's refiling of substitute nominees on Wednesday.
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.
Here are the votes for the four nominees, showing the ballots for, against, abstaining and the percentage of support each received.
The opposition alliance reportedly voted for PPP nominee as planned.
Amankona, the nominee is an old retired educationist and has a 'retired mind', which would not help develop the new district.
Insurance contract will be terminated on payment of benefits to the nominee. In legal terms, that's not the end of the story.
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.
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 .
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.
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
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.