Prospectus
/prəˈspektəs/
Definitions
A document describing the details of a proposed venture, especially a financial offering, or the details of a school or other institution.
/prəˈspektəs/
A formal document outlining the details of a proposed venture or investment.
Before investing in the company, read the prospectus carefully.
💡 Simply: Imagine you're thinking of joining a club or buying into a new company. A prospectus is like a brochure or guide that tells you everything you need to know – what the club does, what the company's plans are, and what it will cost you.
👶 For kids: A prospectus is like a special paper that tells you all about a new game or a school. It helps you decide if you want to play the game or go to the school.
More Examples
The university sent out a prospectus to prospective students.
The prospectus outlined the terms and conditions of the bond offering.
How It's Used
"The investment prospectus provided detailed information about the company's financials and risk factors."
"The university prospectus described the academic programs and admission requirements."
Synonyms & Antonyms
Synonyms
From Latin *prospectus* 'a view, outlook', from *prospicere* 'to look forward' (literally 'to look forth').
The term has been used since the mid-19th century, initially in the context of financial offerings to provide information to potential investors.
Memory tip
Think of it as a "prospect" of what's coming – a look ahead at the details.
Word Origin
"a view, outlook"