letter security

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
Hypernyms: ↑security, ↑certificate
Hyponyms: ↑letter stock, ↑letter bond

Useful english dictionary. 2012.

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  • Letter Security — A security that is not registered with the SEC, and therefore cannot be sold publicly in the marketplace. Letter securities are sold directly by the issuer to the investor. The term is derived from the SEC requirement for an investment letter… …   Investment dictionary

  • letter security — / letə sɪˌkjυərɪti/, letter stock / letə stɒk/ noun US a share which has not been registered with the SEC and therefore can be sold privately, together with a letter of intent, or traded in the normal way if the owner files with the SEC using a… …   Dictionary of banking and finance

  • letter stock — noun stock that has not been registered with the Securities and Exchange Commission and cannot be sold to the general public • Hypernyms: ↑letter security * * * noun Etymology: so called from the letter signed by the purchaser stating that the… …   Useful english dictionary

  • letter bond — noun a bond that has not been registered with the Securities and Exchange Commission and cannot be sold to the general public • Hypernyms: ↑letter security …   Useful english dictionary

  • letter of credit — letter of credit: a document issued to a beneficiary at the request of the issuer s customer in which the issuer (as a bank) promises to honor a demand for payment by the beneficiary in order to satisfy or secure the customer s debt compare… …   Law dictionary

  • Security and Prosperity Partnership of North America — Location map: Member countries:  Canada …   Wikipedia

  • security — se·cur·i·ty /si kyu̇r ə tē/ n pl ties 1 a: something (as a mortgage or collateral) that is provided to make certain the fulfillment of an obligation used his property as security for a loan b: surety see also …   Law dictionary

  • security — Something given or pledged to a person who is lending money in order to secure or guarantee payment of that debt. (Dictionary of Canadian Bankruptcy Terms) Under Title 11 U.S.C. Section 101: (49) The term security (A) includes (i) note; (ii)… …   Glossary of Bankruptcy

  • letter-of-credit right — USA Defined in the UCC as a right to payment or performance under a letter of credit, whether or not the beneficiary has demanded or is at the time entitled to demand payment or performance; the term does not include the right of a beneficiary to …   Law dictionary

  • Security certificate — This article is about the Canadian legal mechanism. For Internet security certificates, see Public key certificate. In Canadian law, a security certificate is a mechanism by which the Government of Canada can detain and deport foreign nationals… …   Wikipedia

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