full disclosure


Definitions (2)

1.Accounting: Principle under which all material facts (whose non-disclosure may render a financial statement misleading) must be disclosed.
2.Patenting: Basis under which a patent is granted. All material facts must be disclosed in the patent application, any deviation from this rule may render the patent null and void.

Use full disclosure in a sentence

  • The Euro suffered in 2011 and 2012 because Greece and Spain did not employ full disclosure when applying to enter the Euro zone in the preceeding years.

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  • You must always give out all the information you have any time you will be working under full disclosure with someone.

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  • The man promised full disclosure and that made me trust him more and I wanted him to be someone that I could talk to anytime.

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