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Official Statement Meaning & Definition
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Definition of Official Statement
Official Statement is the offering document for a municipal issuer that must be provided to every purchaser if the issuer prepares one.
Applying "Official Statement" to Securities Exams:
Official Statements are the full discourse documents for municipal securities. Issuers of municipal securities are not required to be prepare an official statement as municipal issuers and securities are exempt from The Securities Act of 1933.