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It is a legal document that institutions and businesses use to describe what they have to offer for participants and buyers.
The document gives detail of business, history of the company, list of the officers who operate such business and any other litigation that is taking place, financial data and list of operations. When it is used by companies, it is given out to potential investors as a part of the Initial Public Offering.
On the other hand, a school prospectus is one sent to potential students in order to attract them to apply for admissions. School or university prospectus contains information about the school and the available courses which includes advice on how to apply and the benefits of accepting a place. Most of the universities have individual prospectuses for each course or group of courses that they offer.
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