street name

street name
A name used by a broker or bank as the legal owner of a security actually owned by a client or customer. The true owner is called the beneficial owner. Street names are often assumed names or partnership names used by banks and brokers. American Banker Glossary
registration under which securities maybe held by a broker on behalf of a client but be registered in the name of the Wall Street firm. Bloomberg Financial Dictionary

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   ► See Nominee Account.

Financial and business terms. 2012.

Look at other dictionaries:

  • street name — n: a brokerage firm s name in which securities owned by another (as an individual investor) are listed (as to expedite transfer at time of sale by avoiding handling of the actual certificates) Merriam Webster’s Dictionary of Law. Merriam Webster …   Law dictionary

  • Street name — A street name or odonym is an identifying name given to a street. The street name usually forms part of the address (though addresses in some parts of the world, notably most of Japan, make no reference to street names). Buildings are often given …   Wikipedia

  • street name — noun 1. an alternative name that a person chooses or is given (especially in inner city neighborhoods) her street name is Bonbon • Hypernyms: ↑appellation, ↑denomination, ↑designation, ↑appellative 2. slang for something (especially for an… …   Useful english dictionary

  • street name — Stock Exchange. 1. a broker who holds securities registered in his or her name instead of in the name of the customer, esp. for convenience in executing transfers and in pledging for borrowing in margin accounts. 2. a familiar or slang name of a… …   Universalium

  • Street Name — When securities are held in the name of a broker or other nominee, as opposed to holding them in the customer s name. Shares are held in street name because it makes transferring the securities easier. This is because they are held in the broker… …   Investment dictionary

  • street name — noun a) The slang term. Police quickly determined that the street name for holy sand was “cocaine” and said that the man’s arrest has made them think twice about the holy tic tacs and holy parsley they’ve seen lately. b) A person’s nickname, such …   Wiktionary

  • Street name — Describes securities held by a broker on behalf of a client but registered in the name of the Wall Street firm. The New York Times Financial Glossary * * *    ► See Nominee Account …   Financial and business terms

  • street name — noun N. Amer. the name of a stockbroking firm, bank, or dealer in which stock is held on behalf of a purchaser …   English new terms dictionary

  • street name —  Securities held in the name of the brokerage house rather than the customer …   American business jargon

  • street name — / stri:t neɪm/ noun a nominee name for holding securities …   Dictionary of banking and finance