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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.
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Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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letter stock
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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.
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Letter stock
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Letter stock
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"Whenever there are in any country uncultivated lands and unemployed poor, it is clear that the laws of property have been so far extended as to violate natural right. The earth is given as a common stock for man to labor and live on.... The small landowners are the most precious part of a state."
-Thomas Jefferson
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