street name

Definition of "street name"
  1. The name of a brokerage organization under which securities, owned by another entity such as a private investor, are listed. This arrangement is usually to facilitate quick transfer when they're sold, thereby bypassing the need to deal with physical certificates
How to use "street name" in a sentence
  1. To hasten the sale process, most of Jake's shares are held in street name by his brokerage firm.
  2. Keeping securities in street name eliminates the problems associated with handling physical share certificates.
  3. Traders often use the street name mechanism to speed up transactions in the fast-paced financial market.

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