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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

street name  

Definition 1.

The term given to securities held in the name of a brokerage on behalf of a customer, usually done to facilitate subsequent transactions.
 

Definition 2.

The name under which a brokerage firm holds the securities of its customers. Most brokerage companies hold their customers'' securities in the firm''s street name rather than in the name of each individual customer. By using its street name rather than your own, your brokerage firm can process trades faster because you don''t have to run down to his office to deliver or pick up stock certificates every time you make a trade.
 

Definition 3.

Registration under which securities maybe held by a broker on behalf of a client but be registered in the name of the Wall Street firm.
 

Definition 4.

Term given to securities held in the name of a broker on behalf of a customer. This arrangement allows shares to be transferred easily. If the stock were registered in the customer's name rather than the broker's name, physical certificates would need to be transferred. (See beneficial owner)
 

Definition 5.

When securities are held in the name of a broker or other nominee, as opposed to holding them in the customer's name.
 
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