非注册股票的中文解释

美国的私募股票，这种股票的发行没有向美国证券交易委员会注册，因此不容易转让。也称"信函证券"(letter securities)，这一术语包括信函股票和信函债券。按美国证券交易委员会的规定，信函证券购买者需出具"投资信函"(investment letter)，表明购买这些证券是出于投资目的而不是为了转售。

Letter Stock的英文解释

A US privately issued security, which is not registered with the SEC and is thus not easy to transfer. Also known as letter securities, a term which covers letter bonds as well as letter stocks or shares. A SEC rule requires the purchaser to lodge an "investment letter" saying the purchase is for investment and not for resale.

• security [si´kjuəriti]   n.安全；证券；抵押品   (初中英语单词)
• transfer [træns´fə:]   v.&n.迁移；调动；转让   (初中英语单词)
• investment [in´vestmənt]   n.投资；(时间等)投入   (初中英语单词)
• saying [´seiŋ, ´sei-iŋ]   n.言语；言论；格言   (高中英语单词)
• privately [´praivitli]   ad.秘密，一个人   (英语六级单词)
• purchaser [´pə:tʃəsə]   n.买主；采购人   (英语六级单词)