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What Is Pro Forma? Pro forma is a legal term that translated from the Latin means "for the sake of form" or "as a matter of form." The term is used to refer to a method of calculating financial projections and to the documents or invoices that result from the process.. A pro forma financial statement can help business owners evaluate a corporation or company's potential, so they can make.


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Pro Forma. Latin for "as a matter of form." The term refers to a presentation of financial statements as if a certain event had occurred. For example, pro forma financial statements delivered in connection with a bank loan closing will show the hypothetical financial condition of the borrower as if the loan had been made. The delivery of these.


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The term pro forma (Latin for "as a matter of form" or "for the sake of form") is most often used to describe a practice or document that is provided as a courtesy or satisfies minimum requirements, conforms to a norm or doctrine, tends to be performed perfunctorily or is considered a formality.The term is used in legal and business fields to refer to various types of documents that are.


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Pro forma is a Latin term meaning made or done as a formality. In securities law, pro forma refers to financial statements that are prepared in advance of a transaction and projects the anticipated results of the transaction.For example, Section 3110 of Regulation S-X requires public companies to include pro forma financial information "if a significant business combination has occurred in.


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A pro forma contract is a rough copy or general use document that outlines the terms of an agreement without including specifics in some areas. Companies may use a pro forma contract to allow potential employees, clients, or business partners to review the language of a deal while the exact terms are being worked out.


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Definitions of "pro forma" A phrase used to describe something that is done as a simple formality or ritual so it appears to meet certain standards or rules ; A term denoting something that is made or provided beforehand to outline possible events or items ; How to use "pro forma" in a sentence


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Definition & Citations: As a matter of form. 3 East, 232; 2 Kent, Comm. 215. Find the legal definition of PRO FORMA from Black's Law Dictionary, 2nd Edition.


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pro forma. 1) prep. Latin for "as a matter of form," the phrase refers to court rulings merely intended to facilitate the legal process (to move matters along). 2) n. an accountant's proposed financial statement for a business based on the assumption that certain events occurred, such as a 20% increase in annual sales or 6% inflation.


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PRO FORMA definition: 1. Pro forma words or actions are usual or done in the usual way: 2. a list of things that have…. Learn more.


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Pro-Forma Invoice: A pro-forma invoice is a preliminary bill of sale sent to buyers in advance of a shipment or delivery of goods. Typically, it gives a description of the purchased items and.


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Pro forma is a Latin term meaning "for the sake of form" or "as a matter of form". In legal contexts, pro forma refers to actions that are carried out as a formality or to conform with accepted standards, rather than as a matter of substance. Some common uses of pro forma in legal settings include:


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Pro Forma. pro forma adj. [Latin, for the sake of form] 1: made or carried out in a perfunctory manner or as a formality 2: provided or made in advance to describe items or projections [a pro forma invoice] Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.


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You might be also interested in these legal terms: Pro Forma Definition (in the Accounting Vocabulary) The New York State Society of Certified Public Accountants offers the following definition of Pro Forma in a way that is easy for anybody to understand: Presentation of financial information that gives effect to an assumed event (e.g., MERGER).


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pro forma: As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma , in an appealable decree or judgment, usually means that the decision was rendered not on a conviction that it was right, but merely to facilitate.


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pro forma. 1) prep. Latin for "as a matter of form," the phrase refers to court rulings merely intended to facilitate the legal process (to move matters along). 2) n. an accountant's proposed financial statement for a business based on the assumption that certain events occurred, such as a 20% increase in annual sales or 6% inflation.


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Pro Forma. As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma, in an appealable decree or judgment, usually means that the decision was rendered not on a conviction that it was right, but merely to facilitate.