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What is a prospectus?

What is a prospectus? Here are some definitions.

Noun
  1. A document, distributed to prospective members, investors, buyers, or participants, which describes an institution (such as a university), a publication, or a business and what it has to offer.
  2. A document which describes a proposed endeavor (venture, undertaking), such as a literary work (which one proposes to write).
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Examples
Specific proposals should be sent to the Journal no later than Jan.15, 2004, with prospectus and brief vita.
The prospectus will also outline the terms of the preferential share offer, allowing investors to buy further stock at a discount.
On this first acquisition of business assets for treasury shares, it is clear that a prospectus was required.
A prospectus for potential sponsors raises the prospect of boarding academies.
He has already publicly backed the idea of a remake and is quoted in the prospectus issued to potential investors in the movie.
No company in its right mind sends out a prospectus or press release without getting its counsel to do some legal vetting first.

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