What is the meaning of Letter stock?

Privately placed common stock, so-called because the SEC requires a letter from the purchase stating that the stock is not intended for resale.

Barry Goldsmith
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APABarry Goldsmith. (2010). letter stock. Retrieved September 29, 2026, from http://smartdefine.org/letter_stock/definitions/1157112
ChicagoBarry Goldsmith. 2010. "letter stock" http://smartdefine.org/letter_stock/definitions/1157112 (accessed September 29, 2026).
HarvardBarry Goldsmith 2010, letter stock, Smart Define, viewed 29 September, 2026, <http://smartdefine.org/letter_stock/definitions/1157112>.
MLABarry Goldsmith. "letter stock" 21 October 2010. Web. 29 September 2026. <http://smartdefine.org/letter_stock/definitions/1157112>
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