Nominee

Nominee,

Definition of Nominee:

  1. A nominee is a person or firm into whose name securities or other properties are transferred to facilitate transactions while leaving the customer as the actual owner. 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.

  2. Entity (the registered owner) in whose name securities or other assets are recorded and held under a custodial agreement with the actual owner (called beneficial owner). Such arrangements are used where the beneficial owner is abroad, wishes to conceal his or her identity, or to facilitate a trade or collection of income from several securities. Banks, brokerage houses, and trust companies are usually appointed registered owners. Use of nominees, however, does not alter the position of the beneficial owner with regard to tax liabilities and reporting requirements.

  3. A person who is proposed or formally entered as a candidate for an office or as the recipient of a grant or award.

  4. Entity named or appointed by another (the nominator) to act on its behalf in a limited capacity or in a specific matter.

  5. A person or company whose name is given as having title to a stock, real estate, etc., but who is not the actual owner.

  6. Nominee accounts are the most common method for holding stocks. Stockbrokers prefer nominee accounts because they reduce costs and increase trading efficiency.

Synonyms of Nominee

Applicant, Job applicant, Job-seeker, Prospective employee

How to use Nominee in a sentence?

  1. You must carefully think about each of the nominee s when you want to award someone with the coveted position or title.
  2. A nominee in financial trading refers to a person or company who has been entrusted with the safekeeping of investors' securities.
  3. An offshore nominee company.
  4. The nominee company should be a third party that is separate from the broker itself; all of your investments are held in its name, while you retain control.
  5. The securities are held in trust and the nominee is the legal owner, but you hold on to real ownership as the beneficiary.
  6. An Oscar nominee.
  7. The broker can buy and sell on your behalf, but creditors can't get to your money if the brokerage goes belly up or your broker tries to swindle you.
  8. The nominee of the individual was able to accept the recognition formally and discuss the future plans of the firm in detail.
  9. I heard that my film would be a nominee for best picture, but I did not think so because it required a lot of press.

Meaning of Nominee & Nominee Definition

Nominee,

Nominee:

  1. Meaning of Nominee: A nominee is a person or company whose property or other property is transferred to facilitate a transaction and leaves the consumer as the final beneficiary. A referral account is a type of account in which stockbrokers hold customers' shares, making it easier to buy and sell those shares. In such arrangements, sharing in the name of the street must be done.

    • A financial business candidate means a person or company entrusted with the task of protecting investor securities.
    • The implying company must be a third party independent of the broker. All your assets are held in your name while you are in control.
    • The claimant is placed in trust and the nominee is the legal owner, but you make the property the beneficiary.
    • Brokers can buy and sell on your behalf, but lenders cannot access your money if the broker goes bankrupt or tries to defraud you.

  2. This is the person indicated by the insurer who will receive the benefit in case of death of the insured, and the insurer is authorized to settle the claim.

Meanings of Nominee

  1. A person who is officially nominated or registered as a candidate for a position or is a recipient of a scholarship or award

  2. A person or company named as the owner of a stock, property, etc., but not the actual owner.

Sentences of Nominee

  1. A company called Overseas

Synonyms of Nominee

entrant , office-seeker , aspirant , hopeful , seeker , contender , applicant , runner , contestant , appointee

Nominee,

What is The Definition of Nominee?

Nominee means: The nominee is a person or company whose ownership or other ownership is transferred to facilitate the transaction and deliver the original supplier to the customer. A designated account is a type of account where the stockbroker holds the client's shares, making it easy to buy and sell TSE shares. In such an arrangement it is necessary to share the name of the street.

  • A candidate for financial trading refers to the person or company assigned to protect investors' securities.
  • The indicated company may be a third party independent of the broker itself. When you are in control, all your assets are kept in your name.
  • Bonds are held in trust and have designated legal representatives, but you, as the beneficiary, are the real beneficiary of the transaction.
  • Brokers can buy and sell on your behalf, but lenders cannot access your money if the broker goes bankrupt or tries to defraud you.

This is the person indicated by the insured who will benefit in the case of the insured, which gives the insurer the power to settle the claim.

Meanings of Nominee

  1. A person is nominated for a selection or an honor or award.

  2. A person or legal entity, not the owner, whose name is registered share, liability or company.

Sentences of Nominee

  1. A company abroad

Nominee,

What Does Nominee Mean?

Yarlet Perez is an experienced multimedia journalist and fact checker with a master's degree in journalism. He has worked in various cities for news, politics, education and more. His background is in finance and investing in personal and real estate.

  • In finance, a nominee refers to a person or company that has been placed in the custody of an investor's securities or property. All your assets are in your name while you are in control.
  • Bonds are held in trust and the nominee is the legal representative, but you, as the beneficiary, are the real beneficiaries of the transaction.
  • Brokers can buy and sell on your behalf, but your discovery is safe if the broker goes bankrupt or tries to defraud you.
  • The designated firm must be a neutral third party, separate from the broker itself.

Meanings of Nominee

  1. A person is nominated as a candidate for selection or honor or award.

  2. A person or legal entity, not an owner, whose name is a registered share, liability or company.

Sentences of Nominee

  1. A company called abroad.