letter stock


noun

unregistered stock sold privately by a company so as not to have a negative effect on the price of its publicly traded stock.

Nearby words

  1. letter of intent,
  2. letter of introduction,
  3. letter of marque,
  4. letter of the law,
  5. letter ruling,
  6. letter-card,
  7. letter-high,
  8. letter-perfect,
  9. letter-quality,
  10. letter-quality printing

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019