A disclosure statement is a financial document about a transaction explaining key information in plain language.
In simple terms, disclosure indicates explaining or making information public to others. So, the disclosure statement is a written statement delineating various information required or supposed to be expressed. In general, it refers to a document issued by an organization stating different facts and terms. For instance, if a financial transaction takes place with an organization and people at large, there are many terms and conditions mentioned in the paper which could not be understood by a layman. These are essential terms concerning the contract entered between both the parties.
