Numbers dressed up in fancy suits pretending to be words.
Everything you own minus everything you owe, a number that for most millennials can be expressed as a negative sign followed by their student loan balance. Forbes publishes a list of people with the highest net worth annually, presumably just to ruin everyone's day.
An expense that supposedly happens only once but mysteriously appears in financial statements every single quarter. It's management's favorite way to exclude bad news from 'adjusted' earnings while claiming it's temporary.
The total value of a leveraged position's assets, as opposed to the actual cash you put up, which is usually much less. It's the difference between owning a $100,000 house and the $20,000 you put down.
Changes made to financial statements to remove one-time or unusual items and show what 'normal' operations look like, assuming such a thing exists. It's the accounting version of 'this isn't my usual performance.'
The difference between interest income banks earn on loans and interest they pay on deposits, expressed as a percentage. The fundamental measure of whether a bank's basic business model actually works.
When auditors state they found nothing wrong in their limited review rather than affirmatively stating everything is correct. It's the professional equivalent of 'I didn't see any problems' rather than 'everything is definitely fine.'
A loan covenant preventing borrowers from pledging assets as collateral to other lenders, protecting unsecured creditors from being subordinated. It's lenders making sure you can't promise the same car to multiple people.
The difference between the present value of cash inflows and outflows over time, discounted because a dollar today is worth more than a dollar tomorrow—thank you, inflation and opportunity cost. If it's positive, invest; if negative, run away.
When the cost of financing an asset exceeds the income it generates, resulting in losses for every day you hold it. It's like paying more in parking fees than your car is worth.
When you acquire a company for less than the fair value of its identifiable net assets, essentially buying a dollar for seventy cents. Also called a 'bargain purchase,' it's as rare as it sounds and usually indicates something's wrong.
Banking euphemism for a loan that's gone bad and isn't generating income anymore, like a car that won't start but you still owe payments on. It's the financial equivalent of politely calling a disaster a "challenge."