| 释义 |
letter stock
Thesaurus| Noun | 1. | letter stock - stock that has not been registered with the Securities and Exchange Commission and cannot be sold to the general publicletter security - a stock or bond that is not registered with the Securities and Exchange Commission and cannot be sold in the public market |
letter stock
Letter stockPrivately placed common stock, so-called because the SEC requires a letter from the purchase stating that the stock is not intended for resale.Restricted SecurityA stock or right that one acquires through some means other than the open market. One may receive a restricted security through a merger or acquisition, private placement prior to an IPO, or sometimes through a stock option. A restricted security is not registered with the SEC and thus may not be sold publicly until registration has been made. It is less commonly called a letter security.letter stock See restricted security.letter stock
Related to letter stock: Restricted stockWords related to letter stocknoun stock that has not been registered with the Securities and Exchange Commission and cannot be sold to the general publicRelated Words |