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Dictionary by pitch.dog
Disclosure, materiality & market conduct · Core

Leak

Also called: information leak

ELI5

Unauthorised release of confidential or market-sensitive information.

Used in conversation

“Do not describe leak as agreed until the operative document says so.”

Pitch context

You will see “Leak” in annual reports, earnings decks, filings and investor presentations when the discussion reaches disclosure, materiality & market conduct.

Why it matters: In disclosure, materiality & market conduct, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

When the words have to travel

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Sources & evidence · 5

Direct term-level sources and supporting source families.