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FINDLAW LEGAL DICTIONARY

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Disclosure

disclosure n

: an act or instance of disclosing: as
a : a lender's revelation of information to a consumer under the Truth in Lending Act that enables the consumer to make an intelligent decision about the loan
b : the revelation to investors of financial information about a corporation or municipality and about the security it is offering for sale see also prospectus , registration statement NOTE: Disclosure is required for a public offering.
c : revelation by a corporate insider (as an officer) for approval of a business transaction that involves self-dealing
d : a debtor in bankruptcy's revelation to creditors of a bankruptcy plan



Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.