non-public information
Definition
Non-public information is any fact or detail about a company that the general public does not yet know and that could affect the company's stock price or business decisions. This type of information is typically known only by company insiders like executives, board members, or certain employees before it becomes officially announced.
Example
If you learn from a friend who works at a company that they are about to be acquired before that news is made public, that acquisition detail counts as non-public information.
Watch Out
Trading stocks or making business decisions based on non-public information can be considered insider trading, which carries serious legal penalties including fines and prison time.
See which terms appear in your contract?
This definition is for informational purposes only and does not constitute legal advice. Please consult with a licensed attorney for legal guidance.