What is the 'Profit and Loss statement (P&L)'? Definition & meaning

More terms

Alpha

The percentage by which an investor outperforms a relevant benchmark.

Accrued interest

The interest earned on a gilt since the last dividend date. When buying a gilt, the buyer pays the accrued interest at the time of a transaction to the seller in addition to the clean price of the gilt

OEIC

Unique to the UK, these funds pool together money to invest from multiple investors.

Inflation

The increase in the prices of goods and services over time, and the process by which money loses its value.

Forward pricing

Mutual funds are traded on a forward pricing basis, meaning the price you see will be different to the price you may trade at.

United States Dollar (USD)

The famous greenback our friends in the US use as currency.

Depository

We look at what is a depository and what role they play in keeping markets work.

Accounting standards

The rules a company follows when preparing financial statements.

NASDAQ

A US stock exchange specialising in the shares of technology companies.

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Profit and Loss Statement (P&L)