‘Street name’ allows quick sale of shares

The Motley FoolMarch 17, 2013 

What does “street name” refer to? – T.W., Sioux City, Iowa

Many investors don’t realize this, but these days, most brokerages actually hold any stock you buy in “street name” (their own name) instead of putting the shares in your name and mailing you the certificates. This is routine, and the shares still belong to you. It’s a good system because it permits the shares to be sold more quickly, without your having to find and mail back the certificates. You can learn more about brokerages and find an inexpensive one at broker.fool.com.

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