Definitions for "Nominee Account"
A type of account in which execution-only stockbrokers tend to hold shares belonging to clients, to make buying and selling of those shares easier. Among other things, though, it does mean that any shareholder perks are unlikely to be enjoyed by the investor.
a facility whereby a client's shareholdings are not registered in his / her own name but in the nominee company of a Stockbroker, with a designation corresponding to the client's account
a facility whereby your shareholdings are not registered in your own name in the form of a share certificate, but in the nominee company of a stockbroker, with a designation corresponding to your account