- prospectus
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pro·spec·tus /prə-'spek-təs/ n pl -tus·es /-tə-səz/: a preliminary printed statement describing a business or other enterprise and distributed to prospective buyers, investors, or participants; specif: a description of a new security issue supplied to prospective purchasers and providing a disclosure of detailed information concerning the company's business and financial standing◇ Under the Securities Act of 1933, the prospectus is part of the registration statement that must be filed with the Securities and Exchange Commission before a security may be offered or sold to the public. The Securities Act defines prospectus broadly as “any prospectus, notice, circular, advertisement, letter, or communication, written or by radio or television, which offers any security for sale or confirms the sale of any security.”
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
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I
noun
analysis, announcement, blueprint, bulletin, catalogue, description, outline, plan, platform, program, scheme, sketch, statement, summary, syllabus, synopsis
II
index
issuance, plan, program, proposition
Burton's Legal Thesaurus. William C. Burton. 2006
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n.A document issued by a corporation disclosing its financial information to current and prospective investors.
The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
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A detailed statement by a corporation used to describe an issuance (offer) of stock to the general public. A prospectus includes the corporation's financial statements, information about its directors and officers, its business plans, any litigation in progress, its recent performance, and other matters that would assist a potential investor or investment adviser to evaluate the stock and the prospects of the company for profit, loss, or growth. The Federal Securities Act requires the filing of the prospectus with the Securities and Exchange Commission before any major stock issuance. State laws generally require similar documentation for some issuances of stock within the state.Category: Business, LLCs & Corporations → LLCs, Corporations, Partnerships, etc.
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
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A document required under the Prospectus Directive which gives details of an offering of securities. Broadly, a prospectus is required if a company makes an offer to the public or requests admission to trading of transferable securities (transferable security) in the UK. It is in effect a selling document, the contents of which are prescribed by the Prospectus Rules and the Financial Services and Markets Act 2000. Prospectuses must be approved by the Financial Services Authority before publication.+ prospectusUSADefined by the SEC in Section 2(a)(10) of the Securities Act as any prospectus, notice, circular, advertisement, letter or communication, written or by radio or television, which offers any security for sale or confirms the sale of any security, subject to certain exceptions set out in Section 2(a)(10).The prospectus also generally refers to the offering document used by the issuer and the underwriters to market a registered public offering.The preliminary prospectus is essentially Part I of the registration statement and may omit certain information relating to the offering (such as the final offering price).Also known as the "Red Herring" because of the red ink used on the front page, which indicates that some information, including the price and size of the offering, is subject to change.The final prospectus is an updated version of the preliminary prospectus, contains all final offering information (such as pricing and underwriting details) and reflects amendments to the registration statement subsequent to the date of the preliminary prospectus.A "statutory prospectus" typically refers to a prospectus that meets the requirements of Section 10 of the Securities Act (such as the preliminary prospectus and the final prospectus).Related links
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
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n. Written document issued by corporation, describing shares of stock and offering same for sale.
Webster's New World Law Dictionary. Susan Ellis Wild. 2000.
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A document, notice, circular, advertisement, letter, or communication in written form or by radio or television that offers any security for sale, or confirms the sale of any security.
Dictionary from West's Encyclopedia of American Law. 2005.
- prospectus
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A document, notice, circular, advertisement, letter, or communication in written form or by radio or television that offers any security for sale, or confirms the sale of any security.
Short Dictionary of (mostly American) Legal Terms and Abbreviations.
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n.a detailed statement by a corporation required when there is an issuance of stock to the general public. A prospectus includes the financial status, the officers, the plans, contingent obligations (such as lawsuits) of the corporation, recent performance and other matters which would assist the potential investor or investment adviser to evaluate the stock and the prospects of the company for profit, loss or growth. The Federal Securities Act requires the filing of the prospectus with the Securities and Exchange Commission and the SEC's approval before any major stock issue. State laws generally require similar documentation for some issuances or offers of sales of stock within the state. Every potential purchaser of shares of a new stock shares must receive a copy of the prospectus, even though they are difficult to understand. Offerings to the public of limited partnership interests may require that a prospectus be prepared and delivered to each investor.
Law dictionary. EdwART. 2013.
