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

Account balance

The amount of money a user has stored in a financial repository.

index-linked gilts

Gilts where the dividends and principal repayments are related to movements in the Retail Prices Index (RPI). This is as opposed to a conventional gilt, where the dividends and principal repayments are fixed in nominal terms.

Unicorn

A startup valued at over £1 billion. They are rare, hence the name.

Securities

Bonds and stocks.

Base rate

What's the base rate?

Venture Capital Trust (VCT)

A listed company run by a fund manager, investing mainly in private companies.e.

Venture Capital

A type of financing that investors provide to startups, who sometimes announce getting said financing in TechCrunch, to big fanfare.

Year to Date (YTD)

A period of time that starts with the first day of the current calendar year and ends with today.

After-hours trading

Trading outside of a stock exchange's opening hours.

Profit and Loss Statement (P&L)