PRIVATE PLACEMENT

private placement. 1. Family law. The placement of a child for adoption by a parent, lawyer, doctor, or private agency, rather than by a government agency. • At least eight states have prohibited private-placement adoptions. — Also termed direct placement. [Cases: Adoption 6–7.8.C.J.S. Adoption of Persons §§ 25–40, 51–72.] 2. Securities. See private offering under OFFERING.

[Blacks Law 8th]