How to develop a finance language
Hi guys, I'm currently doing a PWM internship. I'm learning a lot, but I realize when I'm being given instructions or just generally around my supervisors, a lot of finance jargon flies over my head ( I'm a high schooler). What can I read daily to familiarize myself with more financial terms etc.?
Just say "at your convenience" and "going forward" within every conversation and you'll be good.
I always find it very cringe if people who've been in the business a few years still use full versions of words, for example, "Leverage Buy Out" or "Mergers & Acquisitions" or "Revolving Capital Facility". I mean com'on, we've all been here a while, get on with it.
But to the OP, read FT, WSJ and you'll generally pick up the cross geographical context when trying to leverage your current franchise value into a streamlined, operationally diverse entity.
Technically it's "Revolving Credit Facility", at least on our deals. But I guess the concept is the same.
What does Revolving Capital Facility mean?
As stated above, read any reputable finance related news source you can find. Also, investopedia does a word of the day and has just about every finance definition you may need. You can also keep a journal of words you hear or come across and write the definitions down as you go. This may be better for words that come up frequently in your office so that you can refer back to your notebook. Finally, if you're at one of the larger banks, they usually have an online dictionary somewhere in there system.
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