street name

street name
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. . 1996.

street name
n.
The name of a broker, rather than that of a customer; refers to securities that are held in a broker’s name instead of in the name of the customer who owns them.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


street name
USA
When an investor buys securities through a brokerage firm, most firms automatically put those securities into "street name." This means the brokerage firm holds its client's securities in its name or another nominee and not in the client's name, but the firm keeps records showing the client as the real or "beneficial owner." The investor does not get a certificate, but receives an account statement from the broker on at least a quarterly and annual basis showing the investor's holdings.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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