A(n)________ is the sale of debt or equity to a large investor,which is normally a one-time transaction in which the buyer intends to hold it until maturity or until it is repurchased by the firm.

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A private placement is a sale of securities to a limited number of institutional buyers, such as insurance companies, pension funds, and mutual funds, rather than to the general public. It is a one-time transaction, and the buyer typically intends to hold the securities until maturity or until the issuer repurchases them. Private placements are often used by companies that need to raise capital but do not want to go through the time and expense of a public offering.

A(n)________ Is the Sale of Debt or Equity to a Large