Meaning : Any diversion intended to distract attention from the main issue.
Meaning : A dried and smoked herring having a reddish color.
Synonyms : smoked herring
Meaning : A first draft of a prospectus. Must be clearly marked to indicate that parts may be changed in the final prospectus.
Example :
Because some portions of the cover page are printed in red ink a preliminary prospectus is sometimes called a red herring.
Synonyms : preliminary prospectus