street name
- 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
- To hasten the sale process, most of Jake's shares are held in street name by his brokerage firm.
- Keeping securities in street name eliminates the problems associated with handling physical share certificates.
- Traders often use the street name mechanism to speed up transactions in the fast-paced financial market.
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