A letter of intent between the issuer of new securities and the buyer, in the private placement of theses new securities . The letter of intent establishes that the securities are being bought for a minimum time period and are treated as an investment , not for resale. If no such letter exists, the securities must be registered with Securities and Exchange Commission .
INVESTMENT LETTER
Meaning of INVESTMENT LETTER in English
Campbell R. Harvey. Hypertextual finance English glossary. Английский словарь гипертекстовых финансов. 2012