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.

Synthetic ETFs

An ETF that that reproduces the return of an index through the use of swaps.

Internal Rate of Return (IRR)

A means of calculating the potential future return on an investment.

Base rate

What's the base rate?

Bed & ISA

Understand what Bed and ISA is and how it works

Know Your Customer (KYC)

A legal requirement for financial firms to understand exactly who their customers are. Used to prevent money laundering and terrorist financing.

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.

Maturity date

The date on which a gilt is redeemed and the gilt holder receives the repayment of the nominal amount and final dividend or coupon payment.

Gross Margin

The difference between a company's revenue and the cost to produce its goods/services, divided by revenue.

Profit and Loss Statement (P&L)