letter stock

noun

: restricted and unregistered stock that may not be sold to the general public without undergoing registration

Word History

Etymology

so called from the letter signed by the purchaser stating that the stock is acquired for investment and not for public sale

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Dictionary Entries Near letter stock

Cite this Entry

“Letter stock.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/letter%20stock. Accessed 18 Apr. 2024.

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