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Synthetic ETFs

An ETF that that reproduces the return of an index through the use of swaps.
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Profit and Loss Statement (P&L)

A statement that summarises firm's expenses, costs, and revenues incurred during a time period. AKA income statement.
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Equity

The amount of money a company would be left with by subtracting its liabilities from the value of its assets.
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Hypothesis Testing

A mathematical test used to determine whether a claim is true or false.
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