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IELTS BNC: 12668 COCA: 19077

prospectus

noun

pro·​spec·​tus prə-ˈspek-təs How to pronounce prospectus (audio)
prä-
plural prospectuses
1
: a preliminary printed statement that describes an enterprise (such as a business or publication) and that is distributed to prospective buyers, investors, or participants
2
: something (such as a statement or situation) that forecasts the course or nature of something

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.

Example Sentences

Recent Examples on the Web Tianqi Lithium, which has been in business for around 30 years, makes lithium compounds and derivatives in China and owns and mines lithium minerals in Australia, according to its prospectus. Dave Sebastian, WSJ, 20 June 2022 Gordon studied the preliminary prospectus that GM filed Thursday on the offering with the SEC. Jamie L. Lareau, Detroit Free Press, 28 July 2022 Prospera also pledged loan guarantees totaling $100 million to support the project’s creditworthiness, according to a letter from CEO Sean Clark that accompanied the prospectus. Brian Maffly, The Salt Lake Tribune, 1 Feb. 2022 The fund’s prospectus provides a bit more detail behind the overarching goal of this methodology, but specific details, such as exact metrics used to identify stocks, are missing. David Trainer, Forbes, 27 June 2022 In the offering prospectus, the company notes that it is involved in lawsuits with various cities and airport authorities who are seeking to have the company pay fees and acquire rental car licenses to operate on airport property. Joe Taschler, Journal Sentinel, 2 June 2022 The nonpayment could trigger cross-defaults on Sunac’s international bonds with a total face value of $7.7 billion, according to the note’s prospectus. Rebecca Feng, WSJ, 12 May 2022 United Imaging has signed an agreement for STAR board IPO guidance, and the size of the fundraising and timing of the IPO will be available in its prospectus, the representative said. Bloomberg.com, 21 May 2021 The prospectus shows that Tencent Video has been a significant client and a corporate investor. Patrick Frater, Variety, 21 Apr. 2022 See More

Word History

Etymology

Latin, prospect

First Known Use

1765, in the meaning defined at sense 1

Time Traveler
The first known use of prospectus was in 1765

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