nominee

nom·i·nee   (nŏm'ə-nē')    n.   One who has been nominated to an office or for a candidacy. A person or organization in whose name a security is registered though true ownership is held by another party. [nomin(ate) + -ee1.]

Nominee

A person or firm into whose name securities or other properties are transferred in order to facilitate transactions, while leaving the customer as the actual owner.

Investopedia Commentary

A "nominee account" is a type of account in which a stockbroker holds shares belonging to clients, making buying and selling those shares easier. In such an arrangement shares are said to be held in street name.

See also: Street Name

nominee

A person or an organization in whose name a security is registered even though true ownership is held by another party.

Main Entry: nom·i·nee
Pronunciation: "nä-m&-'nE
Function: noun
1 : a person named as the recipient of a grant, conveyance, or annuity
2 : a person named or proposed for an office, duty, or position: as a : a person named to act as another's agent or representative b : a candidate selected to represent a party in an election
3 : a person in whose name a stock or registered bond certificate is registered but who is not the actual owner