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Nominee name
Nominee nameA name that is used by the corporation as a generic registered owner on a stock or bond certificate. RELATED TERMS-------------------------------------- Generic Describes the characteristics and-or experience of the total universe of a coupon of MBS sector type. Stock US equivalent of the British word "share", a block of shares with a nominal value of 100, or various kinds of fixed-interest securities; in Britain, goods stored ready for sale, raw materials, work in progress and finished but unsold products. Bond Certificate, stating that the issuer is committing himself to repay the loan, including interest and other payments, to the holder. Certificate A formal document used to record a fact and used as proof of the fact, such as stock certificates, that evidence ownership of stock in a corporation. SIMILAR TERMS-------------------------------------- Nominal In name only. Differences in compounding cause the nominal rate to differ from the effective interest rate. Inflation causes the purchasing power of money to differ from one time to another. Nominal account An account kept in a ledger which itemises revenue and expenditure such as sales and operating costs. Nominal annual rate An effective rate per period multiplied by the number of periods in a year. Same as annual percentage rate. Nominal cash flow A cash flow expressed in nominal terms if the actual dollars to be received or paid out are given. Nominal dollars Dollars that are not adjusted for inflation. Nominal exchange rate The actual foreign exchange quotation in contrast to the real exchange rate, which has been adjusted for changes in purchasing power. Nominal exercise price The exercise price of a GNMA option contract, which equals the unpaid principal balance multiplied by the adjusted exercise price. Nominal GDP A gross domestic product (GDP) figure that has not been adjusted for inflation. Nominal GNP The figure for gross national product that does not allow for inflation. Nominal income Income that has not been adjusted for inflation and decreasing purchasing power. Nominal interest rate The interest rate unadjusted for inflation. Nominal ledger A ledger which contains the nominal accounts and real accounts of a company. Nominal price Price quotations on futures for a period in which no actual trading took place. Nominal quotation Used in the context of general equities. Bid and offer prices given by a market maker for the purpose of valuation, not as an invitation to trade. Nominal value or par value The price of a security (stocks, shares, bonds etc) when originally issued This bears no relation to the market price. Nominal value or par value or face value The amount written on a share certificates showing how much capital it represents. Nominal yield The income received from a fixed income security in one year divided by its par value. Nominal yield of a bond The rate of interest stated on the bond document. Nominalism The principle of keeping the amount of a debt obligation fixed despite fluctuations in the money's purchasing power or exchange rate. Nominated adviser (NOMAD) An exchange-approved adviser which helps companies to list on the Alternative Investment Market (AIM), and which continues to advise them after flotation. Nominated Broker (NOMBRO) The broking firm for companies listed on the Alternative Investment Market which brings buyer and sellers of the company's shares together. Nominee A person or company holding securities for someone else who wants to remain anonymous. Nominee account An account in which the named holder holds the assets in it on behalf of another (the beneficiary). Nominee company A company formed by a bank or other organisation which operates nominee accounts that is, the holding of shares for the beneficial owner. Nominee dividend A dividend that a person receives on behalf of someone else. Nominee interest Interest that a person receives on behalf of someone else. PREVIOUS AND NEXT TERMS-------------------------------------- Nominee A person or company holding securities for someone else who wants to remain anonymous. Nominee account An account in which the named holder holds the assets in it on behalf of another (the beneficiary). Nominee company A company formed by a bank or other organisation which operates nominee accounts that is, the holding of shares for the beneficial owner. Nominee dividend A dividend that a person receives on behalf of someone else. Nominee interest Interest that a person receives on behalf of someone else. Nominee name Non deliverable swap Similar to a non deliverable forward, the only difference being that settlement for both parties is done through a major currency. Non forfeiture clause A clause in a life insurance policy which lays out the conditions under which the policy may remain in force for a limited period if the premium remains unpaid after the expiry of the days of grace. Non Vessel Operating Common Carriers (NVOCC) An ocean carrier that does not own or operate their own vessels. They use less than full container loads which they ship on actual ship lines. Non-accredited investor Wealthy, sophisticated investors who do not meet SECnet worth requirements. Non-callable A preferred stock or bond that cannot be redeemed whenever desired by the issuer. We thank you for using the Financial Dictionary to search for Nominee name. If you have a better definition for Nominee name than the one presented here, please let us know by making use of the suggest a term option. This definition of Nominee name may be disputed by other professionals. Our attempt is to provide easy definitions on Nominee name and any other medical topic for the public at large.
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