Business, Legal & Accounting Glossary
This can be utilized to change the named owner of a stock from one entity to another. For example, when an equity held by a broker-dealer on behalf of a client (referred to as being held in street name) is transferred into that customer’s name directly. Among other reasons, this might be done to facilitate eligibility for a dividend-reinvestment plan.
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This glossary post was last updated: 6th August, 2021 | 0 Views.