offering circular


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Offering Circular

An abbreviated prospectus detailing the structure and goals of an investment company such as a mutual fund. The SEC requires that investment companies file prospecti before issuing shares. These often contain a great deal of information that many investors do not need in order to make an investment decision. Generally speaking, offering circulars contain relevant information, such as the terms of purchase, the amount of the load (if any), the fund's investment strategy, and perhaps historical financial statements. See also: Greensheet.

offering circular

An abbreviated prospectus that describes a new securities issue.
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In order to accomplish this objective, the franchisor must coordinate regular meetings of its personnel to discuss the offering circular and its contents, to discuss how to respond to prospects' frequently asked questions, and to insist that individuals talk only about what they are qualified to discuss--you don't want your marketing representative discussing product distribution/supplier issues during a Discovery Day.
Thou shalt not mare any earnings claim that is not contained in the offering circular.
A balance sheet, which need not be audited, dated within 90 days of filing the proposed offering circular in that state.