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Glossary   >   L   >   "Letter stock" Definition            Letter stock Privately placed common stock, so-called because the S.E.C. requires a letter from the purchaser stating that the stock is not intended for resale. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Letter stock - Privately placed common stock, so-called because the S.E.C. requires a letter from the purchaser stating that the stock is not intended for resale.