nominee

Definition of nominee in English English dictionary: A person named, or designated, by another, to any office, duty, or position; one nominated, or proposed, by others for office or for election to office; one who receives a nomination; {n} one named, appointed or designated, as the nominee of a life annuity; an insolvency practitioner who prepares proposals for a voluntary arrangement; (Prête-nom) The registered shareholder in a third-party account The nominee has trading authority over the account but the actual securities are held by the beneficial owner; Someone who has been nominated to act on your behalf For example, a nominee bank account, is one set up and run on your behalf by an online broker Shares in online trading accounts are generally held in a nominee name on your behalf; A person who is nominated, or proposed by others as a candidate for public office; A person who holds assets for another person; A partnership established by a bank, securities firm or other corporation to be used as the holder of record for registered securities owned by the bank, securities firm or corporation These entities register securities in the name of a nominee to avoid the difficulties of registering and transferring securities in a corporate name; additionally, this form of registration is satisfactory for purposes of delivery on inter-dealer transactions The name of a corporation's nominee is generally registered with the American Society of Corporate Secretaries, which publishes a directory of nominees Compare: "STREET" NAME See: LEGAL ITEM; As related to securities, one designated to act for another as his representative in a limited sense; for example, stock held by a brokerage firm in street name to facilitate transactions even though the customer is the actual owner of the securities; An unnamed representative of a grantee in a deed; A person who receives, in his or her name, income that actually belongs to someone else; A company formed for the specific purpose of registering securities in its own name on behalf of other persons, and administering those holdings; A person named for an office, position, or duty; in trust business, usually the person, firm, or corporation in whose name registered securities are held; n A modest gentleman shrinking from the distinction of private life and diligently seeking the honorable obscurity of public office; A person or firm to whom securities or other properties are transferred to facilitate transactions, while leaving the customer as the actual owner; {i} one who has been nominated; a politician who is running for public office; Person or firm, such as a brokerage house, whose name is inscribed on a security certificate if it is different from that of the beneficial owner The purpose is to expedite transfers of title when the security is sold The beneficial owner is the true shareholder and he retains all rights of ownership; one who, in a limited sense, acts for or represents another; Shares or investments need not be registered in the name of their beneficial owner They may be registered under the name of a nominee, a practice often used to ease the administration of holding, buying and selling shares on behalf of clients; A person or entity that stands in the "legal shoes" of another in relation to the performance of corporate duties and obligations Nominees are used to protect the identity of the persons on whose behalf the nominees are acting They are also used to protect IBCs from having minimum contacts with an onshore jurisdiction For more information, see Jurisdiction Put simply, the nominee helps the IBC keep its legal distance from the onshore world IBCs usually use their MSO to perform nominee functions; A nominee is someone who is nominated for a job, position, or award. I was delighted to be a nominee and to receive such a prestigious award in recognition of our company's achievements. someone who has been officially suggested for an important position, duty, or prize (nominate); a person or company holding securities for someone else who wants to remain anonymous; The partnership in whose name registered securities are held This facilitates the making of "good" delivery of securities to brokers at the time of sale or exchange Nominee names are usually registered with the American Society of Corporate Secretaries, to preclude the possibility of more than one nominee with the same name; Insolvency Practitioner who carries out the preparatory work for a voluntary arrangement, before its implementation
nominee company: company established by another company in order to trade securities on the stock market
Nominee.: nom
nominees: plural of nominee
presidential nominee: one who has been selected as a party's official candidate in a presidential election