What is circular? circular Definition.

circular

Definition

A legal document offering securities or mutual fund shares for sale, required by the Securities Act of 1933. It must explain the offer, including the terms, issuer, objectives (if mutual fund) or planned use of the money (if securities), historical financial statements, and other information that could help an individual decide whether the investment is appropriate for him/her. also called offering circular or prospectus.

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Review the unprecedented moves the Fed & Treasury took to bring the financial markets back from the precipice