nominee

nominee
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 [ˌnɒmˈniː 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.

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Look at other dictionaries:

  • nominee — nom·i·nee /ˌnä mə nē/ n 1: a person named as the recipient of a grant, conveyance, or annuity 2: a person named or proposed for an office, duty, or position: as a: a person named to act as another s agent or representative b: a candidate selected …   Law dictionary

  • Nominee — Nom i*nee , n. [See {Nominate}, and { ee}.] A person named, or designated, by another, to any office, duty, or position; one nominated, or proposed, by others for office or for election to office. One remains a nominee until one has been elected… …   The Collaborative International Dictionary of English

  • nominee — ● nominee nom (anglais nominee, personne désignée) Personne au nom de laquelle des titres sont immatriculés dans les cas où ils ne le sont pas au nom de leur vrai propriétaire …   Encyclopédie Universelle

  • nominee — (n.) 1660s, person named for something; see NOMINATE (Cf. nominate) + EE (Cf. ee). Sense of person named as a candidate is attested from 1680s …   Etymology dictionary

  • nominee — *candidate, aspirant, applicant …   New Dictionary of Synonyms

  • nominee — [n] candidate applicant, appointee, aspirant, contender, contestant, entrant, hopeful*, office seeker, runner, seeker; concept 359 …   New thesaurus

  • nominee — ► NOUN 1) a person who is nominated. 2) a person or company in whose name a company, stock, etc. is registered …   English terms dictionary

  • nominee — [näm΄ə nē′, näm′ə nē΄] n. [ NOMIN(ATE) + EE1] a person who is nominated, esp. a candidate for election …   English World dictionary

  • nominee — nom|i|nee [ˌnɔmıˈni: US ˌna: ] n [Date: 1600 1700; Origin: nominate] someone who has been officially suggested for an important position, duty, or prize ▪ the Democratic Party presidential nominee nominee for ▪ a nominee for the post of vice… …   Dictionary of contemporary English

  • nominee — [[t]nɒ̱mɪni͟ː[/t]] nominees N COUNT: oft N for n A nominee is someone who is nominated for a job, position, or award. His nominee for vice president was elected only after a second ballot... I was delighted to be a nominee and to receive such a… …   English dictionary

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