What is 'Profit and Loss Statement (P&L)'?

A statement that summarises firm's expenses, costs, and revenues incurred during a time period. AKA income statement.

More terms

Zero coupon bonds

What is a zero coupon bond?

Running yield

The annual interest payment (dividend) divided by the current market price of a bond.

Clean price

The quoted price of a gilt, which excludes accrued interest

Custodian bank

Learn what a custodian bank is.

Unit Trusts

A collective investment scheme the investors pay money into in exchange for units. The money is invested in a diversified portfolio of assets.

Margin call

Learn what a margin call stands for in financial terms.

Coupon

Also called a dividend, this is the fixed annual interest paid to gilt holders. It’s usually paid in two equal, semi-annual instalments and expressed as a percentage of the nominal value of the gilt.

Arithmetic Mean

The sum of a set of numbers added together and then divided by the total amount of numbers in that set.

Interest Rate

The amount a lender charges for lending your money, or a borrower pays you for borrowing your money.

Profit and Loss Statement (P&L)