Business Glossary

term used when securities are held in the name of a broker or other nominee rather than the investor. Because the broker is holding the securities, it is easier to make a transfer of them at the time of sale. If the stock were registered in the investor's name and physically held by him or her, transfer of shares would take longer.

phrase describing securities held in the name of a broker or another nominee instead of a customer. Since the securities are in the broker's custody, transfer of the shares at the time of sale is easier than if the stock were registered in the customer's name and physical certificates had to be transferred.

securities term for a registered security held in the name of a bank, brokerage firm, or another third party as nominee , as opposed to a registration in the owner's name. Street name registration eliminates the need to deliver certificates to a selling broker when transferring securities.

phrase describing securities held in the name of a broker or another nominee instead of a customer. Since the securities are in the broker's custody, transfer of the shares at the time of sale is easier than if the stock were registered in the customer's name and physical certificates had to be transferred.