disclosure statement
Required transparency filing
A disclosure statement is a formal document revealing relevant facts that one party is legally or ethically obligated to share with another.
In real estate, sellers provide disclosure statements about property defects.
In finance, lenders disclose loan terms and fees.
The purpose is ensuring informed decisions by making material information explicit: The disclosure statement revealed the house had foundation problems.
- disclaimerStatement denying responsibility
- transparencyState of being see-through
- revealMake something visible
- confessionAdmission of wrongdoing
- conflict of interestCompromised impartiality from competing stakes
material fact · fine print · legal · warning · buyer beware · consent · terms · signature · compliance · audit · document · filing · due diligence · regulatory · privacy · financial · mortgage · risk
disclosure statementconfidentiality agreement
Contract requiring secrecy
non-disclosure agreement · NDA · nondisclosure agreement · gag order · confidentiality clause
disclosure statementconcealment
Act of hiding something
suppression · cover-up · withholding · redaction · blackout
disclosure statementconfidentiality clause
Contract term requiring silence
disclosure, statement, disclose, disclosed, disclosing, close, closed, closing, closure