Archives

• CAPITAL GAIN OR LOSS

  The difference between the sales price and the purchase price of a capital asset. When that difference is positive, the difference is referred to as a capital gain. When the difference is negative, it is a capital loss.

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• BOOK VALUE

  The net value of a company’s assets, less its liabilities and the liquidation price of its preferred issues. The net asset value divided by the number of shares of common stock outstanding equals the book value per share, which may be higher or lower than the stock’s market value.

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• AUDIT

  The examination of the accounting and financial documents of a firm by an objective professional. The audit is done to determine the records’ accuracy, consistency and conformity to legal and accounting principles.

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