A person or firm to whom securities or other properties are transferred to facilitate transactions, while leaving the customer as the actual owner. Bloomberg Financial Dictionary
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This is the name used by a person or firm such as a custodian when holding securities on behalf of another. The nominee is the legal owner and it is their name which appears in the register . The nominee has contractual obligations to the underlying beneficial owner. Dresdner Kleinwort Wasserstein financial glossary
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A person or entity named by another to act on his behalf. A nominee is commonly used in a securities transaction to obtain registration and legal ownership of a security. Euroclear Clearing and Settlement glossary
See trustee. Euroclear Clearing and Settlement glossary
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nominee nom‧i‧nee [ˌnɒmˈniː ǁ ˌnɑː-] noun [countable]
1. someone who has been suggested for a job, position, or prize:
• Board nominees must be approved by shareholders.
• 16 winners were chosen from 500 nominees.
2. FINANCE a person or organization that holds shares, bonds etc for someone:
• What is there to prevent a taxpayer from putting his shares in the name of a nominee?
3. INSURANCE in life insurance, the name of the person who will get money if the insured person dies
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nominee UK US /ˌnɒmɪˈniː/ noun [C]
► a person who someone has suggested should be considered to do a particular job, take part in an election, receive an honour, etc.: »
Each nominee is currently a member of the Board of Directors.
»Republican leaders decided Saturday to hold a convention to choose their nominee in next year's U.S. Senate race.
► FINANCE a person who has been chosen to look after someone's shares, bonds, etc.: »
They are only eligible if the shares are held in their own and not a nominee's name.
Financial and business terms. 2012.