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Dictionary


pri'vate place'ment



Finance.
a sale of an issue of securities by the issuing company directly to a limited number of investors, often only one or two large institutional investors, such as a bank or an insurance company (opposed to public offering): required to be cleared but not registered with the Securities and Exchange Commission.

Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.

private partsprivate practice

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