investment letter

investment letter definition - finance
A letter that is written by the issuer of a new security when the security is sold through a private placement. The letter is written because the security is not registered with the Securities and Exchange Commission. Because the securities are not registered, they cannot be sold until two years after they are purchased, which is stated in the investment letter.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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