No-Action Letter: A letter from the Securities and Exchange Commission agreeing that the commission will take no civil or criminal action against a party, regarding a specific activity.

 

Related Words

No-Action Letter: A letter from the Securities and Exchange Commission agreeing that the commission will take no civil or criminal action against a party, regarding a specific activity.

Market Letter: A newsletter analyzing the market that is written by an SEC-registered investment adviser who sells the letter to subscribers. See: Hulbert Rating.

Opinion Letter: A written document issued by government agencies used to provide a ruling on a particular issue.

Letterwinner: A player who has been awarded a 'letter' for excellence in an activity, especially a varsity sport. The specific requirements vary by school and by sport.

Letterman: A player who has been awarded a 'letter' for excellence in an activity, especially a varsity sport. The specific requirements vary by school and by sport.

Letterbox: A process by which a widescreen film is presented on video. The top and bottom of the video frame is blackened, and the widescreen film frame is reduced to fit into this frame-within-the-vid . . . View Full Definition

Letterbox Mode: A method of presenting widescreen images on a standard screen television. In order to preserve the aspect ratio of the original video content, the picture is scaled down so that it fits the . . . View Full Definition

Private Letter Ruling: A private letter ruling explains a position the Internal Revenue Service (IRS) has taken on a specific issue or action that affects the amount of income tax a taxpayer owes. While these ruli . . . View Full Definition

Put Guarantee Letter: A bank's letter certifying that the person writing a put option has sufficient funds in an account to cover the exercise price if required.

Transmittal Letter: Risk of adverse effects on a firm's financial statements that may arise from changes in exchange rates. Related: Transaction exposure.