pro forma
The term "pro forma" comes from Latin, meaning 'for form' or 'as a matter of form,' and is used to describe actions or documents that are done as a formality or based on hypothetical scenarios.
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Definition
C1General Usage
(formal)Performed or created as a formality, often without real expectation of action.
Example
- The meeting was held pro forma, as the decision had already been made.
C1Accounting and Finance
(technical)Financial statements based on hypothetical scenarios or projections, used for planning or forecasting.
Example
- The company presented pro forma financial statements to project next year's revenue.
B2Business and Trade
(technical)An invoice or document outlining a commitment to sell goods at specified prices and terms, used to declare the value of a trade.
Example
- The seller sent a pro forma invoice to confirm the terms of the transaction.
Similar
Terms that have similar or relatively close meanings to "pro forma":