Nominee

Business, Legal & Accounting Glossary

Definition: Nominee


Nominee


What is the dictionary definition of Nominee?

Dictionary Definition


n.

  1. a person or entity who is requested or named to act for another, such as an agent or trustee.
  2. a potential successor to another’s rights under a contract. Example: In a real estate purchase agreement, Bob Buyer agrees to purchase the property, but provides that title (legal ownership) will be granted to “Bob Buyer or nominee,” so that Buyer can sell his rights to another person before the deal closes, or because Buyer is really acting for someone else.
  3. the executor proposed by a person in a will is a nominee until officially appointed by the judge after the testator (will writer) has died, and the will is submitted for probate (administration of the estate).
  4. a person chosen by convention, petition or primary election to be a candidate for public office.

Cite Term


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Page URL
https://payrollheaven.com/define/nominee/
Modern Language Association (MLA):
Nominee. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
May 18, 2024 https://payrollheaven.com/define/nominee/.
Chicago Manual of Style (CMS):
Nominee. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/nominee/ (accessed: May 18, 2024).
American Psychological Association (APA):
Nominee. PayrollHeaven.com. Retrieved May 18, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/nominee/

Definition Sources


Definitions for Nominee are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 28th April, 2020 | 0 Views.