We explain the 101 most important stock market terms and decipher financial jargon with simple definitions and practical examples.| Liberated Stock Trader
The three main types of financial statements are the balance sheet, income statement, and cash flow statement. Each one provides a different perspective on a company's finances.| Liberated Stock Trader
A balance sheet is a financial statement showing a company's assets, liabilities, and shareholders' equity at a specific time. Assets are anything of value that a company owns, including cash, accounts receivable, inventory, and property. Liabilities are any debts or obligations a company owes, such as accounts payable, loans, and leases.| Liberated Stock Trader