A prospectus is a document published by every firm offering its securities to public for purchase. its an invitation for the purchase of a company's finanacial security.
it is a disclosure document that describes a financial security for potential buyers. It commonly provides investors with material information about mutual funds, stocks, bonds and other investments, such as a description of the company's business, financial statements, biographies of officers and directors, detailed information about their compensation, any litigation that is taking place, a list of material properties and any other material information.