letter stock


letter stock
unregistered stock sold privately by a company so as not to have a negative effect on the price of its publicly traded stock.

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Universalium. 2010.

Look at other dictionaries:

  • letter stock — Stock that bears a restrictive legend on the certificate that limits the owner s ability to sell. All letter stock is restricted stock. American Banker Glossary Privately placed common stock, so called because the SEC requires a letter from the… …   Financial and business terms

  • letter stock — noun stock that has not been registered with the Securities and Exchange Commission and cannot be sold to the general public • Hypernyms: ↑letter security * * * noun Etymology: so called from the letter signed by the purchaser stating that the… …   Useful english dictionary

  • letter stock — Stock not registered under the Securities Act of 1933, where the buyer gives the seller a letter stating the buyer intends to hold for investment purposes and does not contemplate reoffering the stock to others. Securities and Exchange Commission …   Black's law dictionary

  • letter stock — Stock not registered under the Securities Act of 1933, where the buyer gives the seller a letter stating the buyer intends to hold for investment purposes and does not contemplate reoffering the stock to others. Securities and Exchange Commission …   Black's law dictionary

  • Letter stock — Privately placed common stock, so called because the SEC requires a letter from the purchaser stating that the stock is not intended for resale. The New York Times Financial Glossary * * *    A US privately issued security, which is not… …   Financial and business terms

  • investment letter stock — noun : letter stock herein …   Useful english dictionary

  • stock — Synonyms and related words: Animalia, Broadway, ability, abundance, acceptation, accepted, acception, accommodate, accumulate, accumulation, accustomed, acquiescence, affiliation, afford, allotment, allowance, amass, amassment, ancestor, ancestry …   Moby Thesaurus

  • letter security — noun a stock or bond that is not registered with the Securities and Exchange Commission and cannot be sold in the public market • Hypernyms: ↑security, ↑certificate • Hyponyms: ↑letter stock, ↑letter bond …   Useful english dictionary

  • Letter Security — A security that is not registered with the SEC, and therefore cannot be sold publicly in the marketplace. Letter securities are sold directly by the issuer to the investor. The term is derived from the SEC requirement for an investment letter… …   Investment dictionary

  • letter security — / letə sɪˌkjυərɪti/, letter stock / letə stɒk/ noun US a share which has not been registered with the SEC and therefore can be sold privately, together with a letter of intent, or traded in the normal way if the owner files with the SEC using a… …   Dictionary of banking and finance


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