Related Words

Nominee: The person, bank or brokerage in whose name securities are transferred.

Nominee Name: Nominee name is the name that a brokerage firm uses to register ownership of stocks or bonds it holds for investors. Holding stock in a single generic name, sometimes known as street name, m . . . View Full Definition

Transfer: The service of transportation from the modes of transportation (air, rail, bus, ship, boat) terminal to the accommodation.

Street Name: Street name is a way to identify stock that is registered in a broker-dealer’s name rather than in the name of the actual, or beneficial, owner. Stock registered in street name is also said . . . View Full Definition

Statutory Voting: When shareholders vote for candidates nominated to serve on a company's board of directors, they usually cast their ballots using statutory voting. Under this system, each shareholder gets o . . . View Full Definition

Safekeeping: Safekeeping occurs when a broker-dealer holds securities for a client that are registered in the client’s name. The advantage from the client’s perspective is that the securities are safe an . . . View Full Definition

Cumulative Voting: With this method of voting for a corporation's board of directors, you may cast the total number of votes you're entitled to any way you choose. Generally, you receive one for each share of . . . View Full Definition