Formal proposal that contains a detailed plan of a particular security offering that must be filed prior to their issue.

 

"I received a phone call qualifying my requirements prior to sending me a prospectus for a new stock offering."

 

"When taking your company public, you will need to prepare a prospectus."

 

"You will undoubtedly want to have your business plan handy when you begin preparing the prospectus."

 

"Before jumping on a mutual fund, you will definitely want to review their prospectus."