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 (synset 113440708)
is a type of: certificate, security - a formal declaration that documents a fact of relevance to finance and investment; the holder has a right to receive interest or dividendssubtypes:
- letter stock - stock that has not been registered with the Securities and Exchange Commission and cannot be sold to the general public
- letter bond - a bond that has not been registered with the Securities and Exchange Commission and cannot be sold to the general public
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