letter stock

noun

: restricted and unregistered stock that may not be sold to the general public without undergoing registration

Word History

Etymology

so called from the letter signed by the purchaser stating that the stock is acquired for investment and not for public sale

The Ultimate Dictionary Awaits

Expand your vocabulary and dive deeper into language with Merriam-Webster Unabridged.

1. Expanded definitions
2. Detailed etymologies
3. Advanced search tools
4. All ad-free

Discover what makes Merriam-Webster Unabridged the essential choice for true word lovers.

Start Your Free Trial Now