street name investment & finance definition
Securities
that are held by a brokerage firm on behalf of a customer; the securities are in the name of the brokerage firm.
Securities held by a brokerage firm are easier to sell, because they can be
transferred to another broker without having to deliver the physical
certificates that list the customer’s name.
See street name in Wall Street Words
Used to describe registration of a customer-owned security in the name of the brokerage firm holding the certificate. A security is held in street name to simplify trading because no delivery of or signature on the certificate is required, or because the certificate is being used as collateral in a margin account. See also
delivery instructions.
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