- 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 registered with the SEC and is thus not easy to transfer. Also known as letter securities, a term which covers letter bonds as well as letter stocks or shares. A SEC rule requires the purchaser to lodge an 'investment letter' saying the purchase is for investment and not for resale.► See also SEC.
Financial and business terms. 2012.
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 — unregistered stock sold privately by a company so as not to have a negative effect on the price of its publicly traded stock. * * * … Universalium
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
Stock (disambiguation) — Stock can refer to:Supply and inventory the equipment, materials, or supplies of an establishment or a store or supply accumulated or available , as in: *Livestock kept on a farm, also **Foundation bloodstock, the animals used as a genetic base… … Wikipedia