What is Disclosure?

Answer:
Disclosure is the process of revealing private

information as required by law. It can involve providing access to documents, transferring data, releasing information, or any other form of divulging facts to an outside entity.

Disclosure is required in a number of different types of business transactions.

For example, organizations that collect or otherwise have access personal information about their customers must disclose what it does with personally identifiable data. The sale or transfer of securities requires that details about the risks associated with the investment be disclosed to the prospective investor. In real estate transactions, the seller is required to disclose all known material facts about the property to the buyer.