Disclosure

Definition - Noun
: an act or instance of disclosing: as
a  : a lender's revelation of information to a consumer under the Truth in Lending Act that enables the consumer to make an intelligent decision about the loan
b  : the revelation to investors of financial information about a corporation or municipality and about the security it is offering for sale
see also prospectus registration statement
Disclosure is required for a public offering.
c  : revelation by a corporate insider (as an officer) for approval of a business transaction that involves self-dealing
d  : a debtor in bankruptcy's revelation to creditors of a bankruptcy plan
Pronunciationdis-'klO-zh&r

Pronunciation Key

  • \&\ as a and u in a b ut
  • \[^&]\ as e in kitt en
  • \&r\ as ur and er in f urther
  • \a\ as a inash
  • \A\ as a in ace
  • \Š\ as o in m op
  • \au\ as ou in ou t
  • \ch\ as ch in ch in
  • \e\ as e in bet
  • \E\ as ea in easy
  • \g\ as g in go
  • \i\ as i in hit
    		•
  • \I\ as i in ice
  • \j\ as j in job
  • \[ng]\ as ng in sing
  • \O\ as o in go
  • \o\ as aw in law
  • \oi\ as oy in boy
  • \th\ as th in thin
  • \[th_]\ as thin the
  • \Ÿ\ as oo in loot
  • \u\ as oo in foot
  • \y\ as y in yet
  • \zh\ as si in vision
    		•


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    Based on Merriam-Webster's Dictionary of Law ©2001.
    Merriam-Webster, Incorporated
    Published under license with Merriam-Webster, Incorporated.
    http://www.m-w.com    		 Merriam-Webster

    slight negligence

    failure to exercise the great degree of care typical of an extraordinarily prudent person


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