INITIATE Definition

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INITIATE is to set going by taking the first step, e.g., initiate contract negotiations.

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RECORD DATE, in securities, is the date for determining who is entitled to payment of principal and interest on a security.

PROSPECTUS is the disclosure document for an offering registered with the SEC. The final prospectus is issued on the effective date, i.e., when the offering is released by the SEC.

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