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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

Quick ratio

Learn what quick ratio stands for in financial terms and how to calculate it.

Earnings per share

We look at what earnings per share mean and how to calculate it

Volatility

A measure of how much the prices of an asset or index vary over time.

Investment Trust

A company that pools money together from multiple investors and then invests it.

Inflation

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

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.

LSE

London Stock Exchange, which was founded in 1571 and now has a market cap of almost $5 trillion.

Account balance

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

Costs and Charges

The money you pay when investing.

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