What is nominee?

A nominee is a person who is appointed or chosen to act on behalf of another person. They have the legal authority to represent the other party's interests and act in their stead. Nominees are often used in the financial sector, where they allow individuals and companies to hold assets such as stocks, bonds, and other securities in a convenient and efficient manner.

Overall, the use of nominees allows for the efficient and convenient holding of property on behalf of others, while still protecting the rights and interests of the beneficial owner.

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