The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

PRO FORMA STATEMENT Definition & Legal Meaning

Law dictionary entry - legal definition of embargo

Definition & Citations:

A financial statement that estimates the firm’s future financial position based on the analysis of current trends and assumptions. The use of pro forma statements is primarily to prepare scenarios that could occure. It is also used to create business plans, provide an estimation of the required cash and during the submission of proposals for financing.


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