Prospectus

(redirected from circulars)
Also found in: Dictionary, Thesaurus, Medical, Financial, Idioms, Encyclopedia.

Prospectus

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.

A prospectus is a document or a publication by, or on behalf of, a corporation containing information on the character, nature, and purpose of an issue of shares, debentures, or other corporate Securities that extends an invitation to the public to purchase the securities. The content of a prospectus is regulated by federal law. It must contain all material facts relating to the company and its operations so that a prospective investor can make an informed decision as to the merit of the investment. A prospectus must be furnished to an investor before any purchase is made.

prospectus

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 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. (See: corporation, stock, limited partnership, Blue Sky laws)

References in classic literature ?
They had the soap company's circular from which to arrange a proper speech, and they had, what was still better, the remembrance of a certain patent-medicine vender's discourse at the Milltown Fair.
Wragge (lulled by the narcotic influence of annotating circulars, and eating and drinking with an appetite sharpened by the captain's absence) withdrew to an arm-chair, and fell asleep in an attitude which would have caused her husband the acutest mental suffering; seven o'clock struck; the shadows of the summer evening lengthened stealthily on the gray pavement and the brown house-walls -- and still the closed door opposite remained shut; still the one window open showed nothing but the black blank of the room inside, lifeless and changeless as if that room had been a tomb.
. By that circular, it appears that precisely such a chart is in course of completion; and portions of it are presented in the circular.
Then the wretched rabble of the Isosceles, planless and leaderless, are either transfixed without resistance by the small body of their brethren whom the Chief Circle keeps in pay for emergencies of this kind; or else more often, by means of jealousies and suspicions skilfully fomented among them by the Circular party, they are stirred to mutual warfare, and perish by one another's angles.
And then he perceived that, very slowly, the circular top of the cylinder was rotating on its body.
From the high dome of this mighty apartment a huge circular column extended to the floor, and as I watched I saw that it slowly revolved.
There was a complete vaulted arch overhanging us, and our ascent was changed to a circular walk.
She arranged the tapestry behind us so as completely to shut out the light in the circular room.
The site of the village is in a perfectly circular valley, about a quarter of a mile in circumference, and entirely surrounded by gentle hills, over whose summit the people have never yet ventured to pass.
The rectilinear movement has thus become changed into a circular motion of extreme velocity, and it is now pursuing an elliptical orbit round the moon, of which it has become a true satellite.
It appeared to be a printed circular, with some lines in pencil added on the empty page.
This was especially the case in Sydney, where, from the heart of the fair city, down the vista of important streets, could be seen the wool- clippers lying at the Circular Quay - no walled prison-house of a dock that, but the integral part of one of the finest, most beautiful, vast, and safe bays the sun ever shone upon.