Term of the Day for Friday, December 9, 2016

pro forma

Popular Terms
Assumed, forecasted, or informal information presented in advance of the actual or formal information. The common objective of a pro forma document is to give a fair idea of the cash outlay for a shipment or an anticipated occurrence. Pro forma financial statements give an idea of how the actual statement will look if the underlying assumptions hold true. Latin for, according to form or for form's sake.

Use 'pro forma' in a Sentence

Sometimes you may get something in pro forma so that you can be prepared for the time when everyone finds out.
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The pro forma statements generated by the financial analysis team were presented to the CFO who used them in his report.
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If you want to be fully prepared for a big meeting or negotiation you should try to have all the info you can pro forma.
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