pro forma

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Pro forma is a Latin term meaning made or done as a formality. In securities law, pro forma refers to financial statements that are prepared in advance of a transaction and projects the anticipated results of the transaction. For example, Section 3110 of Regulation S-X requires public companies to include pro forma financial information “if a significant business combination has occurred in the latest fiscal year.” 

[Last updated in February of 2022 by the Wex Definitions Team]