nominee

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(nŏm'ə-nē') pronunciation
n.
  1. One who has been nominated to an office or for a candidacy.
  2. A person or organization in whose name a security is registered though true ownership is held by another party.

[NOMIN(ATE) + -EE1.]




1. someone nominated for an elective position.


2. person or firm, such as a bank official or brokerage house, into whose name securities or other properties are transferred by agreement.
Securities held in street name , for example, are registered in the name of a broker (nominee) to facilitate transactions, although the customer remains the true owner.


3. any payee who is not the actual owner of a dividend or interest payment, but who would be required to furnish his/her identifying number to the payor.

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One who, in a limited sense, acts for or represents another.


Example: Davis, with consent, used her secretary’s name as the grantee to property she bought. Her secretary was considered her nominee. Simultaneously, her secretary deeded the property to Davis.
There was a mortgage on the property. Davis acquired the property from the nominee subject to the mortgage. By doing so, Davis is not personally liable for the mortgage loan.

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noun

    A person who is appointed to an office or position: appointee, designee. See choice.

One who has been asked to act for another in a particular context, such as a trustee or an agent; one who has been nominated as a candidate for offi ce; one to whom a party to an agreement may assign his or her rights under a contract.

A person or firm into whose name securities or other properties are transferred in order to facilitate transactions, while leaving the customer as the actual owner.

Investopedia Says:
A "nominee account" is a type of account in which a stockbroker holds shares belonging to clients, making buying and selling those shares easier. In such an arrangement shares are said to be held in street name.


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A cynical view of the world by Ambrose Bierce


n.

A modest gentleman shrinking from the distinction of private life and diligently seeking the honorable obscurity of public office.


Word Tutor:

nominee

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pronunciation

IN BRIEF: One who is in the running for an award or honor.

pronunciation The nominee held her breath as the winner was announced.

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Random House Word Menu:

categories related to 'nominee'

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Random House Word Menu by Stephen Glazier
For a list of words related to nominee, see:

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Dansk (Danish)
n. - kandidat

Nederlands (Dutch)
kandidaat, genomineerde

Français (French)
n. - candidat désigné

Deutsch (German)
n. - Kandidat

Ελληνική (Greek)
n. - ο αναδειχθείς ή προταθείς υποψήφιος

Italiano (Italian)
candidato

Português (Portuguese)
n. - nomeado (m)

Русский (Russian)
кандидат

Español (Spanish)
n. - candidato

Svenska (Swedish)
n. - kandidat

中文(简体)(Chinese (Simplified))
被提名的人, 被任命者

中文(繁體)(Chinese (Traditional))
n. - 被提名的人, 被任命者

한국어 (Korean)
n. - 지명된 사람, 수령 명의자

日本語 (Japanese)
n. - 指名された人

العربيه (Arabic)
‏(الاسم) مرشح‏

עברית (Hebrew)
n. - ‮ממונה, מועמד‬


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