Definition Personal Finance Management Apps, often referred to as PFMs, are digital tools that help individuals manage their financial lives more effectively. They provide a centralized platform for tracking expenses, creating budgets and setting financial goals. These apps can range from simple budgeting tools to comprehensive financial management systems that integrate various financial accounts and services.
Examples of Popular Personal Finance Management Apps Here are some of the top personal finance management apps in 2025, along with their features, strengths and potential drawbacks:
Definition Golden parachutes refer to lucrative financial arrangements designed to provide substantial benefits to executives in the event of termination, particularly during mergers, acquisitions or company takeovers. These benefits often include severance pay, stock options and other financial perks. The primary purpose of golden parachutes is to attract and retain top executive talent by ensuring a safety net during uncertain times.
Components of Golden Parachutes Golden parachutes typically consist of several key components:
Definition A hostile takeover is a form of acquisition in which one company, referred to as the acquirer, seeks to gain control over another company, known as the target, without the consent of its board of directors. This scenario typically unfolds when the acquirer believes that its proposal will enhance shareholder value for the target company, despite potential resistance from its management team. Hostile takeovers can create significant tension within the corporate environment and may lead to extensive legal and financial maneuvers.
Definition Tax loss harvesting is a strategic investment approach that involves selling securities at a loss to offset capital gains taxes incurred from other investments. This method not only helps in minimizing tax liability but also enables investors to reinvest the proceeds into similar or different securities, maintaining their market exposure while optimizing their tax situation.
How Tax Loss Harvesting Works When you sell an asset at a loss, you can use that loss to offset any capital gains you have realized during the tax year.
Definition Applied Materials, Inc. (AMAT) is a leading supplier of equipment, services and software for the semiconductor, flat panel display and solar photovoltaic industries. It plays a crucial role in the manufacturing processes of various electronic devices, making it an essential player in the tech landscape.
Founded in 1967, Applied Materials has evolved into a global leader, with a presence in over 100 countries, underscoring its importance in the global supply chain.
Definition Carvana (CVNA) is an innovative online platform that has transformed the automotive retail landscape since its inception in 2012. By leveraging technology, Carvana offers a seamless online car buying experience, allowing customers to browse, purchase and finance vehicles from the comfort of their homes. With features such as 360-degree vehicle inspections, a user-friendly interface and transparent pricing, Carvana has set a new standard for convenience and transparency in the automotive market.
Definition Pfizer (PFE) stock refers to the shares of Pfizer Inc., a leading global pharmaceutical company known for its innovations in healthcare. Pfizer is heavily involved in the research, development and manufacturing of medicines and vaccines. As a publicly traded company, its stock is listed on the New York Stock Exchange (NYSE) under the ticker symbol PFE. With a rich history dating back to 1849, Pfizer has established itself as a pioneer in the pharmaceutical industry, consistently pushing the boundaries of medical science.
Definition PNL, short for Profit and Loss, is a vital financial statement that encapsulates the revenues, costs and expenses incurred by a business over a defined period. Commonly referred to as the income statement, the PNL statement plays an essential role in assessing a company’s financial health and operational efficiency. A comprehensive understanding of PNL is crucial for evaluating a company’s performance, identifying profitability trends and making informed business decisions that drive growth and sustainability.
Definition Shiba Inu is a decentralized cryptocurrency that originated as a meme coin, inspired by the widely recognized Dogecoin. Launched in August 2020, Shiba Inu has rapidly gained traction, evolving from a lighthearted joke into a legitimate financial asset that attracts serious investors. The Shiba Inu community, affectionately known as the “Shiba Army,” plays a pivotal role in promoting the coin and influencing its value through grassroots marketing efforts and social media campaigns.
Definition Tesla (TSLA) stock represents shares of Tesla, Inc., a pioneering electric vehicle (EV) manufacturer and clean energy company established in 2003 by Elon Musk and a team of visionaries. Trading on the NASDAQ stock exchange, Tesla has gained notoriety for its significant volatility and rapid growth trajectory, making it a popular choice for both retail and institutional investors. As a leader in the EV market, Tesla not only focuses on electric cars but also invests heavily in sustainable energy solutions, including solar energy products and energy storage systems.