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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.

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Equity ETF

An exchange-traded fund that is comprised of a set of stocks.
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Zero coupon bonds

What is a zero coupon bond?
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W-8BEN Form

Non-US individuals and businesses may have to file this form for the Internal Revenue Service (IRS), the US tax authority.
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Gilt

What is a gilt?
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Retail Prices Index (RPI)

An index published each month by the Office for National Statistics, which measures the level of retail prices in the UK. Cash flows on all index-linked gilts are linked to the RPI.
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Nominal amount

The face value of a gilt. It represents the amount that will be repaid to the holder at maturity and is also used to calculate the dividend or coupon payment.
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Running yield

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

An investment strategy in which money is put into a variety assets.
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Time Value of Money

The concept that money you have now is more valuable than the same sum in the future.
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