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Private placement memorandum
Also known as 'Private Offering Memorandum', 'Private Offering Circular', or 'Offering Circular'. A document used to describe securities being offered on a private basis that are exempt from the registration requirements of national competent authorities, or in the USA exempt from registration under the Securities Act of 1933. It may contain much of the same information that would be included in a prospectus. See 'Prospectus'.
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- Part of Speech: noun
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- Industry/Domain: Financial services
- Category: Private equity
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