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letter stock

   Also found in: Financial 0.03 sec.
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Noun1.letter stock - stock that has not been registered with the Securities and Exchange Commission and cannot be sold to the general public
letter security - a stock or bond that is not registered with the Securities and Exchange Commission and cannot be sold in the public market


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You can purchase resume paper and letter stock through your local office supply store or department store in the office supplies section.
In the United States, owners of such shares are usually restricted from selling them for some period after the offering, and some of these shares may be letter stock.
The beauty is that the letter stocks still are a part of GM'S market capitalization.
 
 
 
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