economics Economics () is a behavioral science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interac ...

, a letter of transmittal is a type of

cover letter A cover letter, covering letter, motivation letter, motivational letter, or a letter of motivation is a letter of introduction attached to or accompanying another document such as a résumé or a curriculum vitae. For employment Job seekers fr ...

that accompanies a document, such as a financial report or security certificate. It is a business letter and is formatted accordingly. It should include the recipient's address, the sender's address, distribution list, a salutation and closing. It typically includes why it should receive the reader's consideration, and what the reader should do with it. The transmittal letter provides the recipient with a specific context in which to place the larger document or certificate and simultaneously gives the sender a permanent record of having sent the material. In the financial field it is used by security holders to accompany certificates surrendered in an exchange or

corporate action A corporate action is an event initiated by a public company that brings or could bring an actual change to the debt securities—Share capital, equity or debt—issued by the company. Corporate actions are typically agreed upon by a company's ...

References

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