A legal document in which a corporation or other legal entity offers a new issue of securities to the investing public. The prospectus, which is compiled in accordance with the regulators' requirements, describes in detail the issuer, its business, the securities being offered, the use of the proceeds, management, a set of financial statements etc.
(1) Generally, a person authorized to act or speak or substitute for another. (2) Written permission (or power of attorney) granted by a shareholder to someone else, to represent him/ her at a shareholders' meeting, and vote on his/ her behalf. (3) An alternate term for an attorney.
An option contract which gives the buyer the right to sell the underlying security to the writer at a fixed price prior to an agreed-upon expiry date. Put options are usually purchased by investors who believe the underlying security may go down.