letter security

/ˌlɛdər səˌkjʊrədi/
IPA guide

Definitions of letter security
  1. noun
    a stock or bond that is not registered with the Securities and Exchange Commission and cannot be sold in the public market
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    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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