Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
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.