Thursday, March 12, 2009

Endangered Red Herring May Become Extinct


red herring

noun
1. any diversion intended to distract attention from the main issue
2. a dried and smoked herring having a reddish color
3. a first draft of a prospectus; must be clearly marked to indicate that parts may be changed in the final prospectus; "because some portions of the cover page are printed in red ink a preliminary prospectus is sometimes called a red herring" [syn: preliminary prospectus]

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