disclosure

dis·clo·sure   (dĭ-sklō'zhər)    n.   The act or process of revealing or uncovering. Something uncovered; a revelation.

disclosure

The submission of facts and details concerning a situation or business operation. In general, security exchanges and the SEC require firms to disclose to the investment community the facts concerning issues that will affect the firms' stock prices. Disclosure is also required when firms file for public offerings. See also full disclosure.

Main Entry: dis·clo·sure
Pronunciation: dis-'klO-zh&r
Function: noun
: 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