nominee
Saynom-i-NEEUS/ˌnɑmɪˈni//ˌnɒmɪˈniː/
Pluralnominees
- 1
- 2A person or company that holds a stock or bond in their name for someone else, who is the real owner.
Like keeping something valuable at a friend's house so no one knows it's really yours.
The shares were held by a nominee, but her uncle was the true owner.
Using a nominee let the buyer keep his name off the public records.
Note
- 3A person to whom the holder of certain old land rights hands over their interest.
The tenant named his son as nominee before giving up the land.
The court recorded the nominee who would take over the holding.
Note
Practice
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Origin
It comes from the word 'nominate' plus the ending '-ee'.