google bot detected Red Herring | Real Estate Glossary |

Red Herring

Definition of "Red herring"

Slang reference for a preliminary prospectus that outlines the important aspects of a new issue securities for a real estate company, partnership, or investment trust. This prospectus contains no selling price information or offering date. It is so named because of the red-ink statement on the first page instructing the reader that the document is not an official offer to sell the securities.

Related Real Estate Glossary terms

Related Real Estate FAQ