private placement memorandum – n : also referred to by its abbreviation (PPM); the prospectus used in conducting a private placement; the marketing and legal document written by a company (or its attorney or investment banker) for the purpose of raising money (either equity or debt) through a private placement. A company provides a PPM to prospective investors, generally accredited investors, who use the PPM as a tool to evaluate the investment opportunity.

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Adapted from "The CompanyCrafters Entrepreneur's Dictionary"
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