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letter stock

 

Definitions from WordNet

Noun letter stock has 1 sense
  1. letter stock - stock that has not been registered with the Securities and Exchange Commission and cannot be sold to the general public
    --1 is a kind of
    letter security

Definitions from the Web

Letter Stock

Definition:

Letter stock refers to a type of stock that grants the shareholder the right to participate in corporate decisions, including voting rights.

Examples:

1. The company's decision to issue letter stock allowed individual investors to have a say in important matters.

2. As a shareholder with letter stock, she was able to vote on the appointment of new board members.

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