Definition from Nolo’s Plain-English Law Dictionary
1) The need in certain situations (such as real estate transactions) for both parties to tell the whole truth about all information relevant to the transaction. 2) Securities and Exchange Commission rule that a publicly traded company must release its financial statements and other important information relating to the company's business.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:16 pm