Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 2 terms
Profit from stock bought at an older, lower price being sold after prices rise.
Real accounting profit, but it comes from price moves, not operations — and reverses into a loss when prices fall.
The refining margin with inventory gains and losses stripped out.
What the refinery earns from refining itself, rather than from crude prices moving while it held stock.