| 单词 | letter security |
| 释义 | letter securityDefinition Un-registered stock or bond (called letter bond) sold directly by the issuer to the purchaser who sends a signed letter (called letter of intent) to the regulatory authorities that he or she is buying it for long-term investment only and will not resell it for a specified number of years. Letter securities cannot be sold to the public for not qualifying for registration with the country's securities regulation agency. |
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