letter of allocation
- letter of allocation ˌletter of alloˈcation noun letters of allocation PLURALFORM [countable] FINANCEa letter telling someone how many shares they have been allocated when new shares are first made available; = ALLOCATION LETTER:
• Investors will need letters of allocation in order to deal.
* * *letter of allocation UK US noun [C] (plural letters of allocation)► STOCK MARKET a letter telling someone how many shares they are being offered when new shares are being made available to buy
Financial and business terms. 2012.
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allocation letter — ➔ letter * * * allocation letter UK US noun [C] (also letter of allocation, also allotment letter) ► STOCK MARKET a letter to a possible buyer telling them how many new shares that have been made available they will be offered: »We are now able… … Financial and business terms
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