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  2. A disclosure statement is an official record or document that one party provides to another that gives them information or facts and figures which should be revealed regarding or during the course of a transaction or contract.
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    What is a disclosure statement?A Disclosure Statement is an official document forming part of the list of documents issued by the person, an organization, or the government, containing vital and relevant information. The purpose of a Disclosure Statement is to create transparency in the communication of subject matter for a corporation to the public.
    What is a disclosure statement for a retirement plan?A disclosure statement is a financial document given to a participant in a transaction explaining key information in plain language. Disclosure statements for retirement plans must clearly spell out who contributes to the plan, contribution limits, penalties, and tax status.
    Why is a disclosure statement important?The disclosure statement acts as a beacon, guiding individuals through the often convoluted terms associated with financial transactions. by breaking down complex jargon into plain language, it empowers readers to make informed decisions.
    What does disclosure mean in financial terms?Disclosure, in financial terms, basically refers to the action of making all relevant information about a business available to the public in a timely manner. Disclosure, in financial terms, basically refers to the action of making all relevant information about a business available to the public in a timely fashion.
     
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