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March 11, 2004
The U.K. Has No Word for Profit
This piece on different financial terms across the U.K. and the U.S. is interesting. In general the U.S. term implies something more positive than the U.K. one does, and the U.K. term is also clearer on who pays. For example:
- Net Income (U.S.) / Profit Attributable to Shareholders (U.K.)
- Back-end Load (U.S.) / Exit Charge (U.K.)
- Income Statement (U.S.) / Profit and Loss Account (U.K.)
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