restricted security的真正意思?

A security that is not registered with the SEC and therefore may not be sold publicly unless specified conditions are met.

• A restricted security is usu. acquired in a nonpublic transaction in which the buyer gives the seller a letter stating the buyer’s intent to hold the stock as an investment rather than resell it.

— Also termed restricted stock; letter security; letter stock; unregistered security.

词条贡献者

译者黎川，毕业于世界顶级翻译学院，擅长翻译各种与专利与技术诉讼相关的法律文件。