Investment Banking
View AllWhat is Investment Banking? | Quick Primer
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Why Investment Banking? | Interview Question
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Mergers and Acquisitions | Complete M&A Guide
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Product Groups vs. Industry Groups | What is the Difference?
27-Min Read →

Accretion/Dilution Analysis in M&A
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Merger Model Build | Excel Tutorial (Step-by-Step)
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Initial Public Offering (IPO)
12-Min Read →

Investment Banking Pitchbook | Real M&A Examples
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Synergies in M&A | Revenue vs. Cost Synergies
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M&A Interview Questions
17-Min Read →

Superday | Final Round Interview
9-Min Read →

Best Financial Newsletters | "Must Read" Recommendations (2023)
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Private Equity (LBO)
View AllPrivate Equity Investing Certificate Program
8-Week Program: Enroll Now→

Paper LBO Guide | Practice Training Tutorial
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Short-Form LBO Model Course | 4-Part Series
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Basic LBO Modeling Test
25-Min Read →

Standard LBO Modeling Test
41-Min Read →

Advanced LBO Modeling Test
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Private Equity Interview | Top 25 Technical Questions
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Internal Rate of Return (IRR) | Excel Calculator
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Multiple on Invested Capital (MOIC)
7-Min Read →

Financial Modeling
View AllWhat is Financial Modeling? | Excel Training Guide
35-Min Read →

How are the Three Statements Linked? | Interview Question
11-Min Read →

Integrated 3-Statement Model | Step-by-Step Guide
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Income Statement Projection Guide
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Profit Margin Ratio Analysis | Comprehensive List
6-Min Read →

CAGR Excel Calculator | Annualized Growth Analysis
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Liquidity Ratio Analysis Tutorial
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Solvency Ratio | Long-Term Financial Risk
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Operating Leverage | Fixed vs. Variable Costs
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Excel Functions & Shortcuts
View AllThe Top 100+ Excel Shortcuts for Both Windows and Mac
Get the Shortcuts "Cheat Sheet"→

Free Course: Excel for Mac Users
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XLOOKUP Function
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Scenario Analysis: Integrating Operating Cases (OFFSET / MATCH)
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Write Your First Excel VBA Macro From Scratch
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Master Excel: Become an Excel Power User
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Accounting
View AllWhat is EBITDA? | Quick Primer
13-Min Read →

Profit and Loss Statement (P&L) | Income Statement Primer
4-Min Read →

How to Prepare the Cash Flow Statement (CFS) | Guide + Excel Template
8-Min Read →

Balance Sheet (B/S) | Complete Guide (Step-by-Step)
10-Min Read →

Introduction to Accrual Accounting (U.S. GAAP) | Beginner's Guide
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Working Capital 101 | Guide + Excel Template
10-Min Read →

Stock Based Compensation (SBC) | Advanced Accounting Topic
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Accounting Interview Questions
7-Min Read →

Enroll in WSP's Accounting Crash Course
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Valuation
View AllEnterprise Value (TEV) | Quick Primer
6-Min Read →

Equity Value | Comprehensive Guide (Step-by-Step)
8-Min Read →

Market Capitalization | Market Cap Analysis Tutorial
8-Min Read →

Discount Rate (WACC) | Cost of Capital
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DCF Modeling | Training Guide (Step-by-Step)
13-Min Read →

Comparable Company Analysis (CCA) | Trading Comps
9-Min Read →

Precedent Transaction Analysis | Transactions Comps
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Capital Structure | Debt-Equity Ratio Analysis
8-Min Read →

Capital Asset Pricing Model (CAPM)
8-Min Read →

Corporate Finance
View AllVenture Capital (VC)
View AllVenture Capital Due Diligence (VC) | Investment Framework
13-Min Read →

Growth Equity | Investment Strategy Primer
11-Min Read →

LTV/CAC Ratio | Fundamental SaaS KPI Metric
12-Min Read →

Bottom Up Forecasting (Price × Volume Build)
10-Min Read →

Top Down Forecasting | TAM Sizing Method
10-Min Read →

Venture Capital Valuation | VC Method
3-Min Read →

Interview Prep
View AllCapital Markets
View AllLeveraged Finance Guide (LevFin)
15-Min Read →

Senior Debt vs. Subordinated Debt | What is the Difference?
7-Min Read →

Corporate Bonds Primer
6-Min Read →

Debt Capital Markets (DCM) | Investment Banking Product Group
6-Min Read →

Bond Yield Calculator | Excel Training Tutorial
10-Min Read →

PIK Interest | "Interest on Interest"
7-Min Read →

Real Estate
View AllReal Estate Interview Questions | Technical Training Guide (2023)
36-Min Read →

How to Estimate Property Value | Real Estate Valuation Methods
11-Min Read →

What is Cap Rate in Real Estate? | Quick Primer (2023)
10-Min Read →

Net Operating Income (NOI) | Fundamental Profitability Metric
6-Min Read →

Funds from Operations (FFO) | REIT Valuation Tutorial
10-Min Read →

Real Estate Private Equity (REPE) | Fund Investment Strategy
32-Min Read →

Real Estate Investment Trust (REIT) | Complete Guide to REITs
9-Min Read →

Real Estate Financial Model | Property Acquisition Case Study
10-Min Read →

Top Real Estate Investing Books (REPE) | Insider's Guide
6-Min Read →

Investment Analysis
View AllWhat is a Hedge Fund? | Quick Primer
22-Min Read →

Long-Short Equity (L/S) | Investing Strategy
7-Min Read →

Short Selling Process | Step-by-Step Guide
5-Min Read →

What is Equity Financing? | Preferred Shares vs. Common Shares
9-Min Read →

What is Return on Investment? | ROI Calculator
5-Min Read →

Economic Moat | Protection of Long-Term Profits
6-Min Read →

All Free Content, A-Z
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Ability to Pay Analysis (ATP)
Ability to Pay Analysis (ATP)What is Ability to Pay Analysis? Ability-to-Pay Analysis (ATP) is a method used by private equity investors to guide pricing and determine t ...
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Absolute Priority Rule (APR)
Absolute Priority Rule (APR)What is the Absolute Priority Rule (APR)? The Absolute Priority Rule (APR) refers to the underlying principle dictating the order of claims ...
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Accounting Equation
Accounting EquationWhat is the Accounting Equation? The Accounting Equation is a fundamental principle stating that a company’s assets (i.e. resources) m ...
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Accounting Interview Questions
Accounting Interview QuestionsCommon Accounting Interview Questions In the following post, we’ve compiled a list of the most frequently asked accounting questions f ...
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Accounting Rate of Return
Accounting Rate of ReturnWhat is Accounting Rate of Return? The Accounting Rate of Return (ARR) is the average net income earned on an investment (e.g. a fixed asset ...
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Accounts Payable (A/P)
Accounts Payable (A/P)What is Accounts Payable? Accounts Payable (A/P) is defined as the total unpaid bills owed to suppliers and vendors for products/services al ...
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Accounts Payables Turnover
Accounts Payables TurnoverWhat is Accounts Payables Turnover? The Accounts Payables Turnover ratio measures how often a company repays creditors such as suppliers on ...
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Accounts Receivable (A/R)
Accounts Receivable (A/R)What is Accounts Receivable? Accounts Receivable (A/R) is defined as payments owed to a company by its customers for products and/or service ...
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Accounts Receivables Turnover
Accounts Receivables TurnoverWhat is Accounts Receivables Turnover? The Accounts Receivables Turnover ratio estimates the number of times per year a company collects cas ...
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Accretion/Dilution Analysis
Accretion/Dilution AnalysisAn important part of investment banking is understanding mergers and acquisitions (M&A). Within M&A, One of the core models investment banking analysts and associates have to build when analyzing an acquisition is the accretion/dilution ...
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Accrual
AccrualWhat are Accruals? Accruals describe revenues earned and expenses incurred on the income statement, irrespective of whether cash was actuall ...
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Accrual Accounting vs. Cash-Basis Accounting
Accrual Accounting vs. Cash-Basis AccountingWhat is Accrual Accounting vs. Cash-Basis Accounting? Under accrual accounting, revenue is recognized once earned and expenses are recorded ...
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Accrued Expense vs. Accounts Payable
Accrued Expense vs. Accounts PayableWhat is Accrued Expense vs. Accounts Payable? Accrued Expense and Accounts Payable each refer to unfulfilled 3rd party payments, but for acc ...
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Accrued Expenses
Accrued ExpensesWhat are Accrued Expenses? Accrued Expenses refer to a company’s incurred expenses related to employee wages or utilities yet to be pa ...
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Accrued Interest
Accrued InterestWhat is Accrued Interest? Accrued Interest represents an unfulfilled interest expense amount still owed by a borrower to a lender as of a pa ...
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Accrued Wages
Accrued WagesWhat are Accrued Wages? Accrued Wages represent the unmet employee compensation remaining at the end of a reporting period, i.e. the balance ...
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Accumulated Deficit
Accumulated DeficitWhat is an Accumulated Deficit? The Accumulated Deficit line item arises when a company’s cumulative profits to date have become negative, w ...
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Accumulated Depreciation
Accumulated DepreciationWhat is Accumulated Depreciation? Accumulated Depreciation reflects the cumulative reduction in the carrying value of a fixed asset (PP& ...
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Acid Test Ratio
Acid Test RatioWhat is Acid Test Ratio? The Acid Test Ratio, or the “quick ratio“, is used to determine if the value of a company’s short ...
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Acquisition Financing
Acquisition FinancingWhat is Acquisition Financing? Acquisition Financing refers to the initial capital sources obtained to fund the purchase of a business, i.e. ...
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Activation Rate
Activation RateWhat is Activation Rate? The Activation Rate (%) represents the percentage of users that complete a specific action defined by a SaaS compan ...
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Active vs. Passive Investing
Active vs. Passive InvestingWhat is Active vs. Passive Investing? Active vs Passive Investing is a long-standing debate within the investment community, with the centra ...
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Activist Investor
Activist InvestorWhat is an Activist Investor? An Activist Investor seeks to be the catalyst of a turnaround of an underperforming publicly-traded company to ...
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Activity Ratio
Activity RatioWhat is Activity Ratio? An Activity Ratio is a measure of operating efficiency, with regard to a company’s capacity to utilize its ass ...
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Add-On Acquisition
Add-On AcquisitionWhat is an Add On Acquisition? An Add On Acquisition in private equity refers to the purchase of a smaller-sized target by an existing portf ...
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Additional Paid-In Capital (APIC)
Additional Paid-In Capital (APIC)What is Additional Paid-In Capital? Additional Paid-In Capital (APIC) represents the value received in excess of the par value from issuance ...
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Adjust Column Width
Adjust Column WidthHow to Adjust Column Width in Excel The following tutorial demonstrates the process of how to adjust the column width in Excel using keyboar ...
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Adjusted EBITDA
Adjusted EBITDAWhat is Adjusted EBITDA? Adjusted EBITDA is a non-GAAP profit metric determined by the discretionary add-backs dictated by a company’s ...
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Adjusted EBITDA Margin
Adjusted EBITDA MarginWhat is Adjusted EBITDA Margin? The Adjusted EBITDA Margin measures the core operating profitability of a company on a normalized basis, i.e ...
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Adjusted Funds from Operations (AFFO)
Adjusted Funds from Operations (AFFO)What is AFFO? Adjusted Funds from Operations (AFFO) measures the financial performance of real estate investment trusts (REITs), particularl ...
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Adjusted Present Value (APV)
Adjusted Present Value (APV)What is APV? The Adjusted Present Value (APV) is defined as the sum of the present value of a project assuming solely equity financing and t ...
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Advanced LBO Modeling Test
Advanced LBO Modeling TestAdvanced LBO Modeling Test: Practice 3-Hour Tutorial The following Advanced LBO Modeling Test training guide provides a step-by-step tutoria ...
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AFFO Yield
AFFO YieldWhat is AFFO Yield? The AFFO Yield is the ratio between the AFFO per share of a REIT and its current market price, expressed as a percentage ...
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After Tax Cash Flow (ATCF)
After Tax Cash Flow (ATCF)What is After Tax Cash Flow? The After Tax Cash Flow is the residual income generated by a real estate property investment once tax obligati ...
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Align to Slide vs. Align Objects
Align to Slide vs. Align ObjectsYou have two options to choose from when using the Alignment Tool in PowerPoint: ‘Align Selected Objects’ and ‘Align to Slide’. If you don’t know how these options work (and affect the alignment of ...
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Allowance for Doubtful Accounts
Allowance for Doubtful AccountsWhat is Allowance for Doubtful Accounts? The Allowance for Doubtful Accounts is a contra-asset account that estimates the future losses incu ...
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Alpha (α)
Alpha (α)What is Alpha? Alpha (α) in the context of finance is a term defined as the “excess returns” from a portfolio of investments, typically comp ...
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Alternative Investments
Alternative InvestmentsWhat are Alternative Investments? Alternative Investments are comprised of non-traditional asset classes, such as private equity, hedge fund ...
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Altman Z-Score
Altman Z-ScoreWhat is the Altman Z-Score? The Altman Z-Score, designed by NYU Professor Edward Altman, is a model used to predict the near-term likelihood ...
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Amazon Valuation Model (AMZN)
Amazon Valuation Model (AMZN)What is the Valuation of Amazon? Amazon (NASDAQ: AMZN) is an e-commerce company that offers online retail shopping and advertising services ...
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Amortization of Intangible Assets
Amortization of Intangible AssetsWhat is Amortization of Intangible Assets? The Amortization of Intangible Assets is the process in which purchases of non-physical intangibl ...
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Annual Contract Value (ACV)
Annual Contract Value (ACV)What is Annual Contract Value (ACV)? The Annual Contract Value (ACV) refers to the annualized revenue per customer contract, excluding any o ...
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Annual Income
Annual IncomeWhat is Annual Income? Annual Income, or yearly income”, refers to the total earnings generated by an individual or corporation over a ...
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Annual Percentage Rate (APR)
Annual Percentage Rate (APR)What is APR? The Annual Percentage Rate (APR) is the interest rate charged by a lender on a yearly basis, expressed in the form of a percent ...
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Annual Percentage Yield (APY)
Annual Percentage Yield (APY)What is APY? The Annual Percentage Yield (APY) calculates the interest rate earned on a deposit or investment while incorporating the effect ...
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Annual Recurring Revenue (ARR)
Annual Recurring Revenue (ARR)What is ARR? Annual Recurring Revenue (ARR) estimates the predictable revenue generated per year by a SaaS company from customers on either ...
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Annual Report
Annual ReportWhat is the Annual Report? The two terms, Annual Report and Form 10-K, are often used interchangeably. However, the annual report is more ma ...
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Annuity
AnnuityWhat is an Annuity? An Annuity is a type of bond that offers a stream of periodic interest payments to the holder until the date of maturity ...
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ASC 606
ASC 606What is ASC 606? ASC 606 is the revenue recognition standard established by the FASB and IASB that governs how revenue generated by public a ...
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Asset Backed Securities (ABS)
Asset Backed Securities (ABS)What is ABS? Asset Backed Securities (ABS) are financial instruments collateralized by an underlying set of liquid, financial assets pledged ...
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Asset Coverage Ratio
Asset Coverage RatioWhat is the Asset Coverage Ratio? The Asset Coverage Ratio measures the number of times a company could hypothetically repay its debt obliga ...
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Asset Sale vs Stock Sale
Asset Sale vs Stock SaleWhen one company acquires another company, what does the seller actually give the buyer? The answer depends on whether the deal is structured legally as a stock sale or as an asset sale. Broadly ...
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Asset Turnover Ratio
Asset Turnover RatioWhat is Asset Turnover Ratio? The Asset Turnover Ratio is a financial metric that measures the efficiency at which a company utilizes its as ...
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Assets
AssetsWhat are Assets? Assets are resources with positive economic value that can either be sold for money if liquidated or be used to generate fu ...
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Assets Under Management (AUM)
Assets Under Management (AUM)What is Assets Under Management? Assets Under Management (AUM) refers to the market value of the capital contributed to a fund, from which a ...
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Attrition Rate
Attrition RateWhat is Attrition Rate? The Attrition Rate measures the employee turnover within a company, i.e. the number of individuals that leave their ...
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Average Annual Growth Rate (AAGR)
Average Annual Growth Rate (AAGR)What is the Average Annual Growth Rate (AAGR)? The Average Annual Growth Rate (AAGR) is calculated by taking the arithmetic mean of a series ...
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Average Collection Period
Average Collection PeriodWhat is the Average Collection Period? The Average Collection Period represents the number of days that a company needs to collect cash paym ...
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Average Cost (Per Unit Cost)
Average Cost (Per Unit Cost)What is Average Cost? The Average Cost, or “per unit cost”, is an economic term that describes the approximate cost incurred to manufacture ...
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Average Cost Method
Average Cost MethodWhat is the Average Cost Method? The Average Cost Method assigns inventory costs using a weighted average approach, wherein the costs of pro ...
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Average Daily Rate (ADR)
Average Daily Rate (ADR)What is the Average Daily Rate? The Average Daily Rate (ADR) measures the average revenue generated per occupied room or rental unit, expres ...
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Average Fixed Cost (AFC)
Average Fixed Cost (AFC)What is Average Fixed Cost? The Average Fixed Cost (AFC) is the fixed costs incurred by a company that remain constant irrespective of outpu ...
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Average Inventory Period
Average Inventory PeriodWhat is Average Inventory Period? The Average Inventory Period is the approximate number of days it takes a company to cycle through its inv ...
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Average Order Value (AOV)
Average Order Value (AOV)What is AOV? Average Order Value (AOV) estimates the typical amount spent by a customer in each order, commonly placed on a website (i.e. e- ...
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Average Payment Period
Average Payment PeriodWhat is the Average Payment Period? The Average Payment Period represents the approximate number of days it takes a company to fulfill its u ...
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Average Revenue Per Account (ARPA)
Average Revenue Per Account (ARPA)What is the ARPA? ARPA, or “average revenue per account”, quantifies a SaaS or subscription-based company’s average monthl ...
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Average Revenue Per User (ARPU)
Average Revenue Per User (ARPU)What is ARPU? The Average Revenue Per User (ARPU) quantifies the amount of revenue generated on average from each customer. The implied ARPU ...
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Average Selling Price (ASP)
Average Selling Price (ASP)What is Average Selling Price? The Average Selling Price (ASP) is a financial metric that measures the approximate amount paid by a customer ...
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Average Time on Page
Average Time on PageWhat is Average Time on Page? The Average Time on Page measures the approximate time spent on a specific webpage by the visitors of a websit ...
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Average Total Cost (ATC)
Average Total Cost (ATC)What is Average Total Cost? The Average Total Cost (ATC) is the total cost per unit of output, inclusive of both fixed costs and variable co ...
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Average Variable Cost (AVC)
Average Variable Cost (AVC)What is Average Variable Cost? The Average Variable Cost (AVC) is the variable cost per unit incurred by a business across a given period. T ...
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Backward Integration
Backward IntegrationWhat is Backward Integration? Backward Integration is a strategy where a company gains more control over the functions in the earlier stages ...
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Bad Debt
Bad DebtWhat is Bad Debt? Bad Debt refers to a company’s outstanding receivables that were determined to be uncollectible and are thereby treated as ...
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Bain Group Recapitalization of BMC Software
Bain Group Recapitalization of BMC SoftwareIn our LBO courses, our students learn that private equity investors have 3 strategies that they can deploy to exit their investments – 1) sell the investment company to a strategic or financial acquirer; ...
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Balance of Trade
Balance of TradeWhat is Balance of Trade? The Balance of Trade is the value of a country’s exports (“outflows”) minus the value of its imports (“inflows”). ...
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Balance Sheet Forecasting Guide
Balance Sheet Forecasting GuideHow to Forecast the Balance Sheet? Our Balance Sheet Forecasting Guide provides step-by-step instructions on how to forecast the key line it ...
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Balance Sheet Guide
Balance Sheet GuideWhat is the Balance Sheet? The Balance Sheet, one of the core financial statements, provides a snapshot of a company’s assets, liabili ...
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Balance Sheet Projection Guide
Balance Sheet Projection GuideIn a finance and investment banking interview, candidates will almost certainly be asked questions that test their understanding of the relationship between the balance sheet income statement, and cash flow statement. The reason is ...
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Bank Debt vs. Bonds
Bank Debt vs. BondsWhat is Bank Debt? Bank Debt is the most common form of corporate debt, which at the most basic level is conceptually the same as any other ...
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Bank Efficiency Ratio
Bank Efficiency RatioWhat is the Efficiency Ratio? The Efficiency Ratio is a risk measure used to evaluate the cost-efficiency and profitability of a bank. The o ...
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Bank Run
Bank RunWhat is a Bank Run? A Bank Run occurs when customers start to collectively withdraw their funds from banks under the belief that the bank is ...
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Barriers to Entry
Barriers to EntryWhat are Barriers to Entry? Barriers to Entry deter new entrants from entering a market and protect the profits of existing incumbents. The ...
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Basic Earnings Per Share (EPS)
Basic Earnings Per Share (EPS)What is Basic EPS? The Basic EPS is a profitability ratio used to measure the residual net income allocatable to common shareholders on a pe ...
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Basic Earnings Power Ratio
Basic Earnings Power RatioWhat is Basic Earnings Power Ratio? The Basic Earnings Power Ratio determines the efficiency at which a company utilizes its assets to produ ...
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Basic LBO Modeling Test
Basic LBO Modeling TestWhat is an LBO Model Test? The LBO Model Test refers to a common interview exercise given to prospective candidates during the private equit ...
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Basis Points (bps)
Basis Points (bps)What are Basis Points? Basis Points (bps) represent a unit of measurement for interest rates in finance and are equal to 1/100th of 1.0%. Th ...
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BCG Growth Share Matrix
BCG Growth Share MatrixWhat is BCG Growth Share Matrix? The BCG Growth Share Matrix is a framework designed for companies to better understand a market’s cur ...
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Before-Tax Cash Flow (BTCF)
Before-Tax Cash Flow (BTCF)What is Before-Tax Cash Flow? The Before-Tax Cash Flow (BTCF) is the rental income generated by a property prior to the deduction of income ...
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Berry Ratio
Berry RatioWhat is the Berry Ratio? The Berry Ratio is a profitability measure used to compare a company’s gross profit to its operating expenses, such ...
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Bessemer Efficiency Score
Bessemer Efficiency ScoreWhat is the Bessemer Efficiency Score? The Bessemer Efficiency Score is a measure of capital allocation and spending habits to determine the ...
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Best Financial Newsletters
Best Financial NewslettersWhat are the Best Stock Market and Investment Newsletters? Financial Newsletters are the preferred option for practitioners to stay on top o ...
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Beta (β)
Beta (β)What is Beta in Finance? Beta (β) measures the sensitivity of a security or portfolio of securities to systematic risk (i.e. volatility) rel ...
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Bid-Ask Spread
Bid-Ask SpreadWhat is the Bid-Ask Spread? The Bid-Ask Spread represents the difference between the quoted ask price and the quoted bid price of a security ...
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Black Swan Event
Black Swan EventWhat is a Black Swan Event? A Black Swan Event is a metaphor describing a rare, unexpected phenomenon with a low probability of occurrence, ...
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Bloomberg vs. Capital IQ vs. Factset vs. Refinitiv
Bloomberg vs. Capital IQ vs. Factset vs. RefinitivBloomberg vs. Capital IQ (CapIQ) vs. Factset vs. Refinitiv Bloomberg, Capital IQ (CapIQ), Factset and Refinitiv are the leading providers of ...
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Bond Yield
Bond YieldWhat is Bond Yield? The Bond Yield is the rate of return expected to be received by a bondholder from the date of original issuance until ma ...
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Bonds Payable
Bonds PayableWhat are Bonds Payable? Bonds Payable are a form of debt financing issued by corporations, governments, and other entities in order to raise ...
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Book Value of Equity (BVE)
Book Value of Equity (BVE)What is Book Value of Equity? The Book Value of Equity (BVE) is the residual proceeds received by the common shareholders of a company if al ...
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Book Value Per Share (BVPS)
Book Value Per Share (BVPS)What is Book Value Per Share? The Book Value Per Share (BVPS) is the per-share value of equity on an accrual accounting basis that belongs t ...
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Bookings vs. Billings
Bookings vs. BillingsWhat are Bookings vs. Billings? Bookings are a SaaS metric that represents the value of a customer contract with a contractual spending comm ...
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Bottom Up Forecasting
Bottom Up ForecastingWhat is Bottom Up Forecasting? Bottom Up Forecasting consists of breaking a business apart into the underlying components that ultimately dr ...
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Boutique Investment Banks
Boutique Investment Banks*Updated for 2023: List of Boutique and Middle-Market Investment Banks* Miller Buckfire & Co. (Restructuring focused) Morgan Keegan & Co. WR Hambrecht & Co. Montgomery & Co. (Media & Internet and Technology focused) Stephens, Inc. ...
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Break Even Point (BEP)
Break Even Point (BEP)What is Break-Even Point? The Break-Even Point (BEP) is the inflection point at which the revenue output of a company is equal to its total ...
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Breakeven Occupancy Ratio
Breakeven Occupancy RatioWhat is Breakeven Occupancy? The Breakeven Occupancy Ratio is the minimum occupancy rate threshold of a property to ensure its operating exp ...
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Breakup Fees and Reverse Termination Fees in M&A
Breakup Fees and Reverse Termination Fees in M&AA breakup fee refers to a payment a seller owes a buyer should a deal fall through due to reasons explicitly specified in the merger agreement. For example, when Microsoft acquired LinkedIn in June ...
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Bridge Loan
Bridge LoanWhat is Bridge Loan? A Bridge Loan is a source of short-term financing until the borrower secures long-term financing or removes an existing ...
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Bridging the Generational Divide
Bridging the Generational DivideThe world is evolving rapidly, and these transformations have significant implications for every sector, including finance. In a recent webinar hosted by Wall Street Prep, panelists explored the impact of these changes, particularly in ...
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Budget to Actual Variance Analysis
Budget to Actual Variance AnalysisWhat is Budget to Actual Variance Analysis? Budget to Actual Variance Analysis is among one of the key functions for a FP&A professional ...
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Bulge Bracket Investment Banks
Bulge Bracket Investment BanksWall Street Prep put together this list of the top global bulge bracket investment banks. Learn more about these prestigious banks below. Bank of America Merrill Lynch Barclays Capital Citi Credit Suisse Deutsche Bank ...
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Bullet Loan
Bullet LoanWhat is a Bullet Loan? For a Bullet Loan, the entire principal of the debt obligation is repaid in a single, “lump sum” payment on the date ...
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Burn Multiple
Burn MultipleWhat is the Burn Multiple? The Burn Multiple measures the amount a startup is spending in order to generate each incremental dollar of annua ...
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Burn Rate
Burn RateWhat is Burn Rate? The Burn Rate is the rate at which a company spends its cash, most often used to analyze the spending of early-stage star ...
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Buy Side vs. Sell Side
Buy Side vs. Sell SideYou'll often hear finance professionals describe their role as being either on the “sell side” or on the “buy side.” As is the case with a lot of finance jargon, what this exactly means ...
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Buyback Yield
Buyback YieldWhat is Buyback Yield? The Buyback Yield is the ratio between the value of a company’s net stock repurchases and its market capitaliza ...