letter stock

letter stock

noun
unregistered stock sold privately by a company so as not to have a negative effect on the price of its publicly traded stock.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
Cite This Source Link To letter stock
WordNet
letter stock

noun
stock that has not been registered with the Securities and Exchange Commission and cannot be sold to the general public 
WordNet® 3.0, © 2006 by Princeton University.
Cite This Source
Dictionary.com, LLC. Copyright © 2012. All rights reserved.
  • Please Login or Sign Up to use the Recent Searches feature