Proof

Definition of 'Proof'


An impression of a print made before an edition to check the quality of the work. Proofs became more common with the advent of widespread printing, and may contain only the image and none of the accompanying text that the final impressions contain, as it is considered a rough draft.

Investopedia explains 'Proof'


There are several types of proofs available to collectors, including artist’s proofs, B.A.T proofs, and printer’s proofs.

A trial proof is a proof created before a production run, and is created to ensure that the proof being created properly. There may several trial proofs, and the number depends on whether the artist makes adjustments to the material.

A bon à tirer (B.A.T) proof is the final trial proof of the artist before the printer begins a production run. This type of proof was used to tell the printer, who may not be the artist, how the proof should look. There is generally only one B.A.T proof for each edition.

An artist’s proof is an edition provided to the artist by the publisher. The artist is allowed to sell his or her portion of the edition.

A printer’s proof is a copy provided to the printer for free by the print publisher. There can be more than one printer’s proof for each edition.


Filed Under:

comments powered by Disqus
Hot Definitions
  1. 80-10-10 Mortgage

    A mortgage transaction in which a first and second mortgage are simultaneously originated. The first position lien has an 80% loan-to-value ratio, the second position lien has a 10% loan-to-value ratio and the borrower makes a 10% down payment. 80-10-10 mortgage transactions are piggy-back mortgage transactions, and are frequently used by borrowers to avoid paying private mortgage insurance.
  2. Passive ETF

    One of two types of exchange-traded funds (ETFs) available for investors. Passive ETFs are index funds that track a specific benchmark, such as a SPDR. Unlike actively managed ETFs, passive ETFs are not managed by a fund manager on a daily basis.
  3. Walras' Law

    An economics law that suggests that the existence of excess supply in one market must be matched by excess demand in another market so that it balances out. So when examining a specific market, if all other markets are in equilibrium, Walras' Law asserts that the examined market is also in equilibrium.
  4. Market Segmentation

    A marketing term referring to the aggregating of prospective buyers into groups (segments) that have common needs and will respond similarly to a marketing action. Market segmentation enables companies to target different categories of consumers who perceive the full value of certain products and services differently from one another.
  5. Effective Annual Interest Rate

    An investment's annual rate of interest when compounding occurs more often than once a year. Calculated as the following:
  6. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option is purchased and the lower premium option is sold - both at the same time. The higher the debit spread, the greater the initial cash outflow the investor will incur on the transaction.
Trading Center