letter security


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Related to letter security: letter stock
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.letter security - a stock or bond that is not registered with the Securities and Exchange Commission and cannot be sold in the public market
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; "he held several valuable securities"
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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Answer--Letter stock, or a letter security is a stock or bond that is not registered with the Securities and Exchange Commission (SEC) and, therefore, cannot be sold in the public market.