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A formal legal document describing details of a corporation for a
proposed offering or existing business. The prospectus includes company
facts important for potential investors to make important decisions.
Prospectuses are also issued for mutual funds. In this case, they
describe fund objectives, history, manager backgrounds and financial
statements.
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In
other words, a document describing the risks investors should be aware
of for an IPO, mutual fund or stock. |
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Dictionary
