Equity
the shareholders' money; it takes the losses first
Where it appears in the course
- Chapter 1 of 16 · The Clerk
- Chapter 4 of 16 · The Bank Treasurer
- Chapter 5 of 16 · The Investment Banker: Capital Markets
- Chapter 7 of 16 · The Structurer
- Chapter 8 of 16 · The Central Banker
- Chapter 11 of 16 · The Entrepreneur's Office
In the academy “Equity” is not a definition but an operation: you post it yourself and watch what it does to the balance sheet.