restricted security

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.

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词条贡献者

资深译员Dan，毕业于美国顶尖的高级翻译学院，专注翻译各种与消费者集团诉讼有关的法律文件。