letter bond

1. 1.

   a bond that has not been registered with the Securities and Exchange Commission and cannot be sold to the general public

   Broaderletter security

Questions about letter bond

What does letter bond mean?

letter bond means "a bond that has not been registered with the Securities and Exchange Commission and cannot be sold to the general public".

Is letter bond a common word?

letter bond is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.