Definition of Prospectus:
Legally mandated document published by every firm offering its securities to public for purchase. It must comply with strict legal requirements and is filed for approval with the countrys securities inspectorate such as the Securities & Exchange Commission (SEC) of the US, or the Securities & Investment Board (SIB) of the UK. A prospectus must disclose essential information such as (1) firms objectives, (2) primary business activity, (3) background and qualification of principal officers, (4) current financial position, (5) projected financial statements, (6) assumptions underlying the projections, (7) foreseeable risks to the firm, (8) offering price on the stock (shares), and (9) (in case of bonds and notes) how the interest and principal will be paid. Sometimes, a prospect is preceded by an offering circular (called a red herring) and/or a preliminary disclosure (called pathfinder), but they, although legitimate, are not legal documents.
A printed document that advertises or describes a school, commercial enterprise, forthcoming book, etc., in order to attract or inform clients, members, buyers, or investors.
Synonyms of Prospectus
Actuarial prediction, Agenda, Aim, Ambition, Animus, Announcement, Apocalypse, Aspiration, Batting order, Bill, Bill of fare, Blueprint, Budget, Calendar, Card, Carte du jour, Conspectus, Counsel, Description, Desideration, Desideratum, Design, Desire, Determination, Docket, Effect, Fixed purpose, Foreboding, Forecast, Forecasting, Foreshowing, Foresight, Foretelling, Function, Game plan, Guesswork, Idea, Improbability, Intendment, Intent, Intention, Lineup, List of agenda, Meaning, Menu, Mind, Motive, Nisus, Omen, Outline, Plan, Playbill, Point, Prediction, Prefiguration, Prefigurement, Prefiguring, Presage, Presaging, Presentiment, Preshowing, Presignifying, Probability, Prognosis, Prognostication, Program, Program of operation, Programma, Project, Projection, Promise, Prophecy, Prophesying, Proposal, Proposition, Protocol, Purpose, Resolution, Resolve, Roster, Sake, Scenario, Schedule, Scheme, Slate, Soothsay, Speculation, Statistical prediction, Striving, Study, Vaticination, View, Will, Brochure, Description, Announcement, Advertisement
How to use Prospectus in a sentence?
- The investment company typically sent out its prospectus to anyone who had expressed interest in its financial products or investment options.
- It is a requirement that stockbrokers distribute prospectus reports showing the historical data, returns, and background information for each stock or mutual fund that is in their clients portfolio.
- After finding a vacancy in your chosen subject area, read the university/college prospectus.
- The firm had worked hard to create a perfect prospectus in the hopes that the investors would find the firm worthy enough of their capital.
Meaning of Prospectus & Prospectus Definition