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Letter stock |
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Letter stockPrivately placed common stock, so-called because the SEC requires a letter from the purchaser stating that the stock is not intended for resale.Letter stock Similar MatchesTime Letter of CreditTime Letter of CreditSee: Usance Letter of Credit. Letter of wishesLetter of wishesSee: 'memorandum of wishes'. Letter of GuaranteeLetter of GuaranteeA letter from a bank to a brokerage firm which states that a customer (who has written a call option) does indeed own the underlying stock and the bank will guarantee delivery if the call is assigned. Thus the call can be considered covered. Not all brokerage firms accept letters of guarantee. Also: letter issued to Option Clearing Corporation by member firms covering a guarantee of any trades made by one of its customers, (a trader or broker on the exchange floor). Unconfirmed Letter of CreditUnconfirmed Letter of CreditA letter of credit which has not been guaranteed or confirmed by any bank other than the bank that opened it. The advising bank merely informs the beneficiary of the letter of credit terms and conditions. Revocable letter of creditRevocable letter of creditAssurance of funds issued by a bank that can be canceled at any time without prior notification to the beneficiary. Further SuggestionsUsance Letter of CreditNo action letter Investment letter Deficiency letter memorandum of wishes (letter of wishes) Letter of Transmittal Letter of Testamentary letters of administration Market letter Shareholders letter Confirmed Letter of Credit Commercial letters of credit Bank Letter of Credit Policy Letter of intent letter of renunciation Letter of comment Advisory letter Pre approval letter Standby letter of credit Letter of Administration Private letter ruling Transmittal letter Sight Letter of Credit allotment notice/letter Transferable letter of credit |
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