full disclosure
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.
Category: Business, LLCs & Corporations → Business Accounting, Bookkeeping & Finances
Category: Business Cash Flow Problems & Bankruptcy
Category: Business, LLCs & Corporations → Business Tax & Deductions
Category: Business, LLCs & Corporations → Buying or Selling a Business
Category: Personal Finance & Retirement → Taxes → Tax Audits
Category: Real Estate & Rental Property → Selling a House
Category: Real Estate & Rental Property → Buying a House

Nolo’s Plain-English Law Dictionary. . 2009.

full disclosure
n.
   the need in business transactions to tell the "whole truth" about any matter which the other party should know in deciding to buy or contract. In real estate sales in many states there is a full disclosure form which must be filled out and signed under penalty of perjury for knowingly falsifying or concealing any significant fact.
   See also: caveat emptor

Law dictionary. . 2013.

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