letter stock

1. 1.

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

   Broaderletter security

Questions about letter stock

What does letter stock mean?

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

Is letter stock a common word?

letter stock 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.