Disclosures refer to the process of making facts or information known to the public. In business, disclosures are the fine print in financial reports that reveal the nature of relationships in research reports. In finance and investment, disclosures are required to be issued by businesses and corporations, disclosing all relevant information that can potentially influence an investor’s decision. In the context of real estate, a sellers disclosure is a legal document that requires sellers to provide previously undisclosed details about the property’s condition that prospective buyers may find unfavorable. In the mortgage industry, disclosures are documents in which lenders are obligated to be completely transparent about all the terms of the mortgage agreement that they are offering you. A Closing Disclosure, for example, is a five-page form that provides final details about the mortgage loan you have selected, including the loan terms, your projected monthly payments, and how much you will pay in fees and other costs to get your mortgage. The purpose of disclosures is to provide relevant information to the public, customers, investors, and analysts, allowing them to make informed decisions.