street name
- noun
- /striːt neɪm/
- Specialized
:
a nombre del corredor
- stock in street name
And underneath it are the brokers that hold things, it's called in street name.
- And underneath it are the brokers that hold things, it's called in street name.
Examples
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But this Stock Exchange and many others like it allows brokers to sell you stocks in what's called street name, OK.
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Most investors prefer to hold their stocks in street name for better security.
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When you buy stocks through a broker, they are usually held in street name for convenience.
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Holding assets in street name means the broker is listed as the owner on your behalf.
Surface Forms
Morphology
The financial-jargon sense 'securities held in a broker's name' is a specialized, non-literal use that cannot be inferred from the ordinary meanings of 'street' and 'name' (a B1 learner would most likely interpret it as 'the name of a street'). This domain-specific extension is essentially idiomatic and unpredictable from the constituents, so learners who know the words but not the term will not derive the intended meaning.
Etymology
The term street name in finance comes from the practice of keeping a customer's shares under the broker's name so the stock can be moved or sold more easily. So it means the name under which a broker holds a client's shares.
