Banking/Investing/Financial terms 1

🧾 Did you know? Finance edition
The term "Wall Street" comes from an actual wall built by Dutch colonists in 17th-century Manhattan. Today it refers broadly to the US financial sector. Its British equivalent, "The City," refers to London's financial district. Both appear constantly in international finance news and conversation.
"Due diligence" originally meant the care a reasonable person exercises to avoid harm to others. In finance and M&A, it describes the investigation of a company before a deal closes. Today it's used broadly in business: "We need to do our due diligence before signing anything."
The "fiscal year" vs. "calendar year" — many companies and governments use a fiscal year that doesn't align with January to December. Understanding this distinction is important for reading financial reports, as "Q1" can mean different things depending on the organization.