prospectus
noun
Did you know?
Prospectus Is a Word for the Forward-Thinking
Like prospect, prospectus looks forward. Thus, a prospectus originally outlined something that didn't yet exist, describing what it would become. This might even be a book; the great dictionary of Noah Webster, like that of Samuel Johnson, was first announced in the form of a prospectus, so that well-to-do people might actually subscribe to it—that is, pay for it in advance so that Webster would have money to live on while writing it. Soon, prospectus was being used to mean a description of a private school or college, intended to attract new students. Today the word very often means a description of a stock offering or mutual fund, whether new or not.
Examples of prospectus in a Sentence
Drew Harwell, Washington Post, 26 Mar. 2024
In a prospectus issued last month, DWAC disclosed that Truth Social collected a mere $3.4 million in revenue during the first nine months of 2023 and booked a loss for that period of $49 million.
—Michael Hiltzik, Los Angeles Times, 22 Mar. 2024
Reddit expects to generate more than $203 million in revenue from such undisclosed licensing agreements over the next three years, according to the prospectus.
—Peter Cohan, Forbes, 23 Feb. 2024
Additional information regarding these persons and their interests in the transaction will be included in the proxy statement/prospectus relating to the Proposed Transaction when it is filed with the SEC.
—Kansas City Star, 3 Apr. 2024
Rubrik, a cloud and data security startup, is planning to file an IPO prospectus as soon as next week, according to Bloomberg.
—Jason Del Rey, Fortune, 29 Mar. 2024
Reddit will also offer Class C shares, which have no voting rights, according to the prospectus.
—Peter Cohan, Forbes, 23 Feb. 2024
Reddit said in its investor prospectus that its labor relations are good.
—Paresh Dave, WIRED, 21 Mar. 2024
None of this guarantees an individual a chance at buying shares if demand exceeds supply, although Reddit emphasizes in the prospectus that anyone who isn't awarded a shot at purchasing shares can join a waitlist.
—David Hamilton, Quartz, 12 Mar. 2024
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'prospectus.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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Cite this Entry
“Prospectus.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/prospectus. Accessed 24 Apr. 2024.
Copy CitationKids Definition
prospectus
noun
Legal Definition
prospectus
noun
Note: Under the Securities Act of 1933, the prospectus is part of the registration statement that must be filed with the Securities and Exchange Commission before a security may be offered or sold to the public. The Securities Act defines prospectus broadly as “any prospectus, notice, circular, advertisement, letter, or communication, written or by radio or television, which offers any security for sale or confirms the sale of any security.”
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