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A letter of intent between the purchaser and the issuer of new securities that establishes the securities are being purchased for investment and not for resale.
Definition source: English Wiktionary via Wiktextract
No example sentence was provided for this meaning.
Meaning relationships
Synonyms: none provided
Antonyms: none provided
a letter of intent saying that a letter security is being bought for investment and not for resale; avoids need for SEC registration
Definition source: Princeton WordNet 3.0
No example sentence was provided for this meaning.
Meaning relationships
Synonyms: none provided
Antonyms: none provided
Broader terms: letter of intent
No etymology was provided for this word.