STREET NAME

STREET NAME

street name. A brokerage firm’s name in which securities owned by another are registered. ? A security is held by a broker in street name (at the customer’s request) to simplify trading because no signature on the stock certificate is required. A street name may also be used for securities purchased on margin. The word ¡°street¡± in this term is a reference to Wall Street.
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Carl, Chinese legal translator, specializes in translating legal documents pertaining to complex business disputes.