| / English Dictionary |
LETTER SECURITY
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
A stock or bond that is not registered with the Securities and Exchange Commission and cannot be sold in the public market
Classified under:
Nouns denoting possession and transfer of possession
Hypernyms ("letter security" is a kind 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)
Hyponyms (each of the following is a kind of "letter security"):
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)
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