| 释义 |
letter bond
Thesaurus| Noun | 1.letter bond - a bond that has not been registered with the Securities and Exchange Commission and cannot be sold to the general publicletter security - a stock or bond that is not registered with the Securities and Exchange Commission and cannot be sold in the public market |
letter bond
Letter BondA bond not registered with the SEC or other regulatory agency and privately placed with an investor. Because letter bonds are not registered, they are not allowed to be traded publicly. For this reason, when a letter bond is issued, the bondholder must send a letter to the SEC stating that he/she does not intend to resell the bond, and he/she has it only for long-term investment purposes. See also: Letter security.letter bond See restricted security.letter bond
Words related to letter bondnoun a bond that has not been registered with the Securities and Exchange Commission and cannot be sold to the general publicRelated Words |