Question

prospectus The prospectus for the mutual fund says nothing about how its profit forecasts were calculated. prəˈspɛktəs

Accepted Answer

A printed statement that describes something (such as a new business or a stock offering) and is sent out to people who may be interested in buying or investing. 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

word	prospectus
definition	A printed statement that describes something (such as a new business or a stock offering) and is sent out to people who may be interested in buying or investing.
eg_sentence	The prospectus for the mutual fund says nothing about how its profit forecasts were calculated.
explanation	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
IPA	prəˈspɛktəs

Prospectus Stock People Mutual Description Printed Statement Describes