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Profit and Loss Statement (P&L)

Profit and Loss Statement (P&L)

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

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

More terms

Diversification

An investment strategy in which money is put into a variety assets.
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Investment Trust

A company that pools money together from multiple investors and then invests it.
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Time-Weighted Rate of Return (TWRR)

A return calculated over the time period invested, that excludes extraneous elements, such as deposits to and withdrawals from the investment accounted.
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Free Trade

The other free trade. International trade in which countries allow goods to flow across their borders without imposing import or export taxes.
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Professional Client

An investor that is able to meet several regulatory criteria.
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Hypothesis Testing

A mathematical test used to determine whether a claim is true or false.
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Balance sheet

A summary of a company's finances, including its assets, liabilities and shareholder equity.
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Over-The-Counter (OTC)

A security that is sold outside of an exchange.
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Zero-Sum Game

A situation in which one person's gain is another's loss.
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