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Transmittal Letter

   Also found in: Acronyms, Wikipedia 0.01 sec.
Transmittal letter
A letter describing the contents and purpose of a transaction delivered with a security that is changing ownership.

Transmittal Letter
A letter describing a transaction of a security. That is, a transmittal letter states the nature of a trade and the number of shares contained therein. A transmittal letter is sent with security certificates when they change ownership.


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One broker's transmittal letter suggests that its client should "examine (the policy) carefully to make sure the limits of coverage meet your needs and that no items have been omitted.
The IRS recommends the employer keep copies of the form, transmittal letters and any other documentation related to the tax credit for three years after claiming the Credit on a tax return.
The exposure draft does provide for an optional transmittal letter which would be limited to (a) identification of the financial statements enclosed, (b) reference to the fact that they are for internal use only with reference to the engagement letter and (c) comments of a business advisory nature.
 
 
 
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