In Street Name


In Street Name
A brokerage account where the customer's securities and assets are held under the name of the brokerage firm, rather than the name of the individual who purchased the security or asset. Although the name on the certificate is not that of the individual, they are still listed as the real and beneficial owner and have the rights associated with the security.

It is more convenient for brokers to hold securities in street name due to the complexity of tracking each stock certificate to each individual. Almost all brokers hold securities electronically and all securities in a brokers name comprise their inventory. Any time a client needs to buy or sell stocks, the broker is readily able to allocate a portion of their inventory as required.

If brokers were to hold an inventory of paper securities, securities transactions would take more time. For example, if a client would like to sell their certificates, the broker would have to find the exact stock certificates owned by the client and send those securities back to the issuing company who would then change the names on the securities to that of the new owners.


Investment dictionary. . 2012.

Look at other dictionaries:

  • 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. Merriam Webster …   Law dictionary

  • Street name (disambiguation) — Street name may refer to: *the literal meaning of street name, i. e. the name of a street *Street name securities *a synonym for drug slang *a synonym for slang *a synonym for a moniker …   Wikipedia

  • Street name — A street name or odonym is an identifying name given to a street. The street name usually forms part of the address (though addresses in some parts of the world, notably most of Japan, make no reference to street names). Buildings are often given …   Wikipedia

  • street name — noun 1. an alternative name that a person chooses or is given (especially in inner city neighborhoods) her street name is Bonbon • Hypernyms: ↑appellation, ↑denomination, ↑designation, ↑appellative 2. slang for something (especially for an… …   Useful english dictionary

  • Street name securities — In the United States street name securities are securities of publicly traded companies held electronically in the account of a stock broker, similar to a bank account. The actual shareholder is referred to as the beneficial owner. In the United… …   Wikipedia

  • street name — Stock Exchange. 1. a broker who holds securities registered in his or her name instead of in the name of the customer, esp. for convenience in executing transfers and in pledging for borrowing in margin accounts. 2. a familiar or slang name of a… …   Universalium

  • Street Name — When securities are held in the name of a broker or other nominee, as opposed to holding them in the customer s name. Shares are held in street name because it makes transferring the securities easier. This is because they are held in the broker… …   Investment dictionary

  • street name — noun a) The slang term. Police quickly determined that the street name for holy sand was “cocaine” and said that the man’s arrest has made them think twice about the holy tic tacs and holy parsley they’ve seen lately. b) A person’s nickname, such …   Wiktionary

  • street name — A name used by a broker or bank as the legal owner of a security actually owned by a client or customer. The true owner is called the beneficial owner. Street names are often assumed names or partnership names used by banks and brokers. American… …   Financial and business terms

  • Street name — Describes securities held by a broker on behalf of a client but registered in the name of the Wall Street firm. The New York Times Financial Glossary * * *    ► See Nominee Account …   Financial and business terms

  • street name — noun N. Amer. the name of a stockbroking firm, bank, or dealer in which stock is held on behalf of a purchaser …   English new terms dictionary


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.