Profit and Loss (or PnL) is a common term used in trading and is extremely self-explanatory. It simply refers to the total profit or loss made by an individual or group over a certain time period....
Private Wealth Management or PWM is a service offered by institutions to high net worth individuals and firms. The services typically offered with private wealth management include:Inve...
Private Equity is one of the most vaunted types of work in finance and private equity interviews are notoriously challenging. The typical route into private equity is after having spent 2 ye...
Private Banking (PB) is a form of wealth management service offered to ultra-high net worth individuals ($5mm and upwards). The services offered by a private bank will include:Portfolio investmen...
A private company is one whose equity (shares) is not available for purchase on public exchanges, although they may issue stock. This means that the company is owned entirely by the employees and inve...
Principal is a term used when talking about debt and loans. The principal is the initial amount of loan which has to be repaid, and this is separate from any interest payments. For example, the face v...
Price to Earnings (P/E) is a financial metric which shows the ratio of a firm's current share price to its earnings per share. This is an extremely common multiple used to evaluate whether a company i...
Prepaid Income is an accounting concept that refers to a payment that has been received, but the asset has not yet been fully delivered. The company receives a one-off payment for the asset, but deliv...
Prepaid Expenses are an accounting concept that refers to an asset that has been paid for, but the full benefit has not yet been received. The company makes a one-off payment for the asset, but receiv...
There are two definitions to the term premium bond:A special bond issued in the UKAny bond which is trading above parIf a bond is trading above the par value of 100, it is said to ...