dis·clo·sure /dis-'klō-zhər/ n: an act or instance of disclosing: as
a: a lender's revelation of information to a consumer under the Truth in Lending Act that enables the consumer to make an intelligent decision about the loan
b: the revelation to investors of financial information about a corporation or municipality and about the security it is offering for sale see also prospectus, registration statement
◇ Disclosure is required for a public offering.
c: revelation by a corporate insider (as an officer) for approval of a business transaction that involves self-dealing
d: a debtor in bankruptcy's revelation to creditors of a bankruptcy plan
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.