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red herring definition - finance
A preliminary prospectus issued by a company that is planning a public securities offering. The term comes from the bright red letters that are printed on the cover and the fact that the prospectus has not been approved by the SEC. See also prospectus.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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