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Prospectus: Difference between revisions
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{{a|repack|}}{{d|Prospectus|/prəsˈpɛktəs/|n|}} | {{a|repack|}}{{d|Prospectus|/prəsˈpɛktəs/|n|(Also: ''“offering circular”''; ''“offering memorandum”''; ''“information memorandum”'')}} | ||
A creative writing exercise for someone — a securities lawyer — whose bildungsroman is highly likely to go unread. | |||
A long document describing some [[securities]] which no-one reads, but which managers are nonetheless convinced presents them with [[document risk|risk of huge liability]]. Much of it accordingly comprises [[disclaimer]]s, and there is a specific [[legal department]] [[employee]] — a [[red-herring ninja]] — who can make an entire living in the cool, nourishing foliage of such a document. | |||
If 400 pages of 9 point Times New Roman describing a [[collateralised debt obligation]] were not dreary enough — and be assured, readers, it ''is'' dreary enough — large swathes of it, concerning such crushingly on-point topics as its non-justiciability in jury trials, will be addressed in [[BLOCK CAPITALS]] to [[RESIDENTS OF NEW HAMPSHIRE]], a constituency that appears perpetually in need of being shouted at. | If 400 pages of 9 point Times New Roman describing a [[collateralised debt obligation]] were not dreary enough — and be assured, readers, it ''is'' dreary enough — large swathes of it, concerning such crushingly on-point topics as its non-justiciability in jury trials, will be addressed in [[BLOCK CAPITALS]] to [[RESIDENTS OF NEW HAMPSHIRE]], a constituency that appears perpetually in need of being shouted at. | ||