A person identified in the records of a securities intermediary as the person having a security entitlement against the securities intermediary (UCC § 8-102(a)(7)). The entitlement holder is typically the customer of the securities intermediary.

Article 8 of the UCC uses the concept of entitlement holders relating to a secured party taking a security interest in a securities account held by a securities intermediary. For more information on security interests in securities accounts, see Practice Note, Security Interests: Investment Property.