BusinessAugust 16, 2026

prospectus

pro-SPEK-tuhs

Definition

A formal legal document that provides details about an investment offering for the benefit of potential investors.

Etymology

Derived from the Latin word 'prospectus', meaning 'a view' or 'lookout'. It entered English in the 17th century to describe a written document that offers a prospect or a survey of a proposed commercial enterprise.

In the news

The term is used here to refer to the 'red herring prospectus' filed by Milky Mist Dairy, which serves as a critical disclosure document for investors evaluating the risks and financials of the company's upcoming IPO.

Milky Mist flags insurance, food safety, technology and management risks in RHP

Read the full article ↗

hospitality.economictimes.indiatimes.com

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