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letter security

DEFINITIONS OF: letter security

1

n a stock or bond that is not registered with the Securities and Exchange Commission and cannot be sold in the public market

Types:
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
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 dividends
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