Pre-Provision Net Revenue

Definition:

Net revenue before adjusting for loss provisions. E.g. for a bank, net revenue would be the sum of net interest income and non-interest income less expenses (except loss provisions.).

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Relative yield

Often refers to a yield on a security relative to the yield on a benchmark security (i.e. a ratio). It is more common to consider a yield spread which is just the difference in two yields.

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