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Business Definition for: prospect

prospect

potential buyer of a product or service (who has not previously been a purchaser of that product or service). For example, a name on a mailing list is considered to be a prospect for the goods or services to be advertised by a mailing.

prospect

individual or organization that is a potential purchaser of an insurance product.

prospect

a person considered likely to buy. Aprospective purchaser.

Example: All of the persons who request further information about the advertised property are considered prospects.

prospect

  1. to seek customers.
  2. person considered likely to buy; prospective purchaser. See also cold canvass .
  3. potential employee, particularly in professional sports.
  4. see qualified prospect .

Copyright c 2000, 1994, 1987 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
Copyright © 2000, 1995, 1991, 1987 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
Copyright © 2004, 2000, 1997, 1993, 1987, 1984 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
Copyright © 2007, 2000, 1997, 1987, by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.