Red herring

Definition:

A preliminary prospectus providing information required by the SEC. It excludes the offering price and the coupon of the new issue.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Agency theory

The analysis of principal-agent relationships, in which one person, an agent, acts on behalf of another person, a principal.

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