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letter stock

noun
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Definition of letter stock

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

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History and Etymology for letter stock

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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“Letter stock.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/letter%20stock. Accessed 12 Jul. 2020.

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