Street Name (noun) Definition, Meaning & Examples

noun
  1. a familiar or slang name of a narcotic drug: A street name for phencyclidine is “angel dust.”
  2. an arrangement in which a broker holds securities in their own name instead of in the name of the customer, especially for convenience in executing transfers and in pledging for borrowing in margin accounts: Stocks held in street name are insured up to $500,000 by the federal government against fraud or financial failure of the brokerage company.
Street Name (noun) Definition, Meaning & Examples

More Definitions