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street name

[ street-neym ]
/ ˈstrit ˌneɪm /
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noun
a familiar or slang name of a narcotic drug: A street name for phencyclidine is “angel dust.”
Stock Exchange. 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.
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Origin of street name

First recorded in 1830–40 for the stock exchange sense, and in 1965–70 for the narcotic drug sense
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

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