prospectus
B1CEFR level
38/100Rarity: fairly common
TechnicalRegister
Law noun
A formal document inviting the public to subscribe for or purchase a company's securities.
The regulator scrutinised the prospectus for any material omissions before approving the offering.
Business noun
A formal document offering securities for sale and disclosing the associated risks.
Buried in the prospectus was a candid warning about the firm's fragile cash flow.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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