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Prospectus: Difference between revisions
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{{a|repack|}}{{d|Prospectus|/prəsˈpɛktəs/|n|(Also: ''“offering circular”''; ''“offering memorandum”''; ''“information memorandum”'')}} | {{a|repack|}}{{d|Prospectus|/prəsˈpɛktəs/|n|(Also: ''“offering circular”''; ''“offering memorandum”''; ''“information memorandum”'')}} | ||
A creative writing exercise for the sort of professional — a [[securities lawyer]] — whose ''bildungsroman'' you | A creative writing exercise for the sort of professional — a [[securities lawyer]] — whose ''bildungsroman'' you would avoid like a case of the clap. Especially once you’ve read one of her prospectuses. | ||
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. | 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. | ||