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no-action letter

 - 2 dictionary results
Financial Dictionary

no-action letter

A response from the SEC staff to an individual inquiry, stating that the staff will recommend to the Commission that no action be taken on a specific transaction if the transaction is carried out in the fashion indicated.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Legal Dictionary

Main Entry: no–action letter
see LETTER 1
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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