What is the Definition of Private Placement?
Securities that are not registered with the Securities and Exchange Commission and are sold directly to investors.
Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/
Label: Insurance
Theme: Dictionary of Insurance Terms
Other Questions: What is the definition of Annuity?
What is the Definition of Private Placement?
You can find random definition and meaning of insurance terms below:
What is the meaning of Ordinance or law coverage
Coverage providing increased cost to a covered loss resulting from an ordinance or law.
What is the meaning of Original equipment manufacturer (OEM)
Auto parts that come from the manufacturer, as opposed to aftermarket or salvage companies. An OEM endorsement ensures that aftermarket replacement parts won't be used to repair your vehicle. Policyholders must have comprehensive and/or collision coverage to add this option. See after-market parts.
What is the meaning of Other structure
A structure located on the residence premises that is not directly attached to the dwelling structure, such as a detached garage or gazebo. It may be insured under a homeowners policy.
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