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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 purchase stating that the stock is not intended for resale.
RELATED TERMS--------------------------------------
Stock
US equivalent of the British word "share", a block of shares with a nominal value of 100, or various kinds of fixed-interest securities; in Britain, goods stored ready for sale, raw materials, work in progress and finished but unsold products.
Purchase
Buy; be long; have an ownership position.
SIMILAR TERMS--------------------------------------
Letter of Administration
A certificate issued by the Court evidencing the appointment of the Administrator of an Estate.
Letter of Comment
A communication to the firm from the SEC that suggests changes to its registration statement.
Letter of Credit (LOC)
A paper issued by a buyer's bank as proof that the seller will be paid.
Letter of Guarantee
A 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.
Letter of Intent
An assurance by a mutual fund shareholder that a certain amount of money will be invested monthly, in exchange for lower sales charges.
Letter of Renunciation
In a rights issue of shares, a letter of renunciation is the form attached to an allotment letter which the holder completes should he wish to transfer entitlement to another person or to renounce his rights absolutely.
Letter of Testamentary
A certificate issued by the court evidencing the appointment of an executor of estate.
Letter of Transmittal
A document used by security holder to accompany certificates surrendered in an exchange or other corporate action.
PREVIOUS AND NEXT TERMS--------------------------------------
Letter of Guarantee
A 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.
Letter of Intent
An assurance by a mutual fund shareholder that a certain amount of money will be invested monthly, in exchange for lower sales charges.
Letter of Renunciation
In a rights issue of shares, a letter of renunciation is the form attached to an allotment letter which the holder completes should he wish to transfer entitlement to another person or to renounce his rights absolutely.
Letter of Testamentary
A certificate issued by the court evidencing the appointment of an executor of estate.
Letter of Transmittal
A document used by security holder to accompany certificates surrendered in an exchange or other corporate action.
Letter stock
Level
Used in the context of general equities. Price measure of an indication.
Level basis
Fixed premiums for a fixed number of years, and a full payout on a claim at any point.
Level coupon bond
Bond with a stream of coupon payments that remain the same throughout the life of the bond.
Level debt service
A municipal charter provision that debt payments must be relatively equal from year to year so that required revenue projections are easier.
Level load
An annual load charged to a mutual fund holder for the time he or she is invested in the fund.
RELATED TERMS--------------------------------------
Stock
US equivalent of the British word "share", a block of shares with a nominal value of 100, or various kinds of fixed-interest securities; in Britain, goods stored ready for sale, raw materials, work in progress and finished but unsold products.
Purchase
Buy; be long; have an ownership position.
SIMILAR TERMS--------------------------------------
Letter of Administration
A certificate issued by the Court evidencing the appointment of the Administrator of an Estate.
Letter of Comment
A communication to the firm from the SEC that suggests changes to its registration statement.
Letter of Credit (LOC)
A paper issued by a buyer's bank as proof that the seller will be paid.
Letter of Guarantee
A 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.
Letter of Intent
An assurance by a mutual fund shareholder that a certain amount of money will be invested monthly, in exchange for lower sales charges.
Letter of Renunciation
In a rights issue of shares, a letter of renunciation is the form attached to an allotment letter which the holder completes should he wish to transfer entitlement to another person or to renounce his rights absolutely.
Letter of Testamentary
A certificate issued by the court evidencing the appointment of an executor of estate.
Letter of Transmittal
A document used by security holder to accompany certificates surrendered in an exchange or other corporate action.
PREVIOUS AND NEXT TERMS--------------------------------------
Letter of Guarantee
A 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.
Letter of Intent
An assurance by a mutual fund shareholder that a certain amount of money will be invested monthly, in exchange for lower sales charges.
Letter of Renunciation
In a rights issue of shares, a letter of renunciation is the form attached to an allotment letter which the holder completes should he wish to transfer entitlement to another person or to renounce his rights absolutely.
Letter of Testamentary
A certificate issued by the court evidencing the appointment of an executor of estate.
Letter of Transmittal
A document used by security holder to accompany certificates surrendered in an exchange or other corporate action.
Letter stock
Level
Used in the context of general equities. Price measure of an indication.
Level basis
Fixed premiums for a fixed number of years, and a full payout on a claim at any point.
Level coupon bond
Bond with a stream of coupon payments that remain the same throughout the life of the bond.
Level debt service
A municipal charter provision that debt payments must be relatively equal from year to year so that required revenue projections are easier.
Level load
An annual load charged to a mutual fund holder for the time he or she is invested in the fund.
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This dictionary contains 24549 terms.
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