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The "further" we are temporally from a future generation, the weaker our obligations become toward them, because
Effective Registration Date
The date on which a company's registration statement is declared effective by the Securities and Exchange Commission, allowing it to legally sell securities.
Prospectus
An investment document that provides details about a company or financial product, aimed at potential investors.
Registration Statement
A document submitted to securities regulators containing financial and other significant information about a company before it issues stock.
Prospectus
A formal document that companies use to describe the securities they are offering for sale to investors.
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