HomeDefinitionsCompareDebt No action letterThe financial definition for No action letter:A letter from the Securities and Exchange Commission agreeing that the Securities and Exchange Commission will take no civil or criminal action against a party, regarding a specific activity. Similar MatchesCash transactionCash transactionA transaction in which exchange is immediate in the form of cash, unlike a forward contract (which calls for future delivery of an asset at an agreed-upon price). Class actionClass actionA legal complaint filed by a lawyer or group of lawyers for a group of petitioners with an identical grievance, often with an award proportionate to the number of shareholders involved. Closing transactionClosing transactionApplies to derivative products. Buy or sell transaction that eliminates an existing position (selling a long option or buying back a short option). Antithesis of opening transaction. Further SuggestionsCOD transactionFederal intrafund transactions Forward exchange transaction Fractional Brownian Motion Fractional coins Fractional discretion order Fractional Noise Click to compare definitions of No action letter Click to view definitions beginning no |