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 ?
Qualified nominees must hold the appropriate designation.
For O'Connor, who had promised to stay on the bench until her successor was confirmed by the Senate, the switch meant she would likely remain in robes for part of the Court's 2005-06 term, scheduled to begin October 3, as Bush began the process of picking another nominee for her seat.
Brown, an African American, is considered the most conservative of Bush's nominees by civil rights groups.
The following day, Duterte youth submitted third set of nominees with Cardema, its president, secretaray general and chairperson, as leading nominee once again.
Guanzon said that the party-list group will not have a nominee once the MR and the new set of nominees is not approved.
Cardema's wife was part of Duterte Youth's original set of nominees, who simultaneously withdrew their nominations on May 12, a day before the elections, paving the way for Cardema and other new nominees to file for last-minute substitution.
She urged the nominees to perform gospel music with passion and not for fame because that alone ruined their image and did not auger well for growth in their music.
'Comelec should recognize the official act of our party-list's official and legal board of trustees and proceed to accredit the official legitimate nominees named in the board resolution,' Arquiza said in a statement.
Yes___The award nominee program claims demonstrated success in reducing offender rate of return.
The nominees are board chairman Charles Karan, and members Jacinta Kapiyo, Stephen Orot, Edward Kochung, Nashon Aluoka and Jane Oyare.
In the past two years, Democrats have slowed the confirmation of more than 100 nominees, which has created a new low standard for how all future presidents will be treated.
Nominees for Business of the Year are Cabela's, Garibaldi's Italian Eatery, Red Roof Inn Plus and Poplar Creek Bowl/Bar Down Sports Grill.