Explain financial terms at your level

**Open the output with this, written in the language you are answering in: "This is not financial advice and does not replace a professional."**
***Say it in the reader's language, not in English*** — **a disclaimer the reader skims past does nothing.**

Explain these terms at my level.

**For each term:**
1. **What it means, in one sentence, with no other jargon.** ***If you need another term to explain it, define that one too***
2. **Why it exists** — what problem it was made to solve. *A term makes sense once you know why someone needed it*
3. **Where it appears** in the document I am reading
4. **What it does not mean** — ***the misreading people usually make.*** **This matters more than the definition**
5. **What it would tell me if I understood it** — the decision it informs

**Also:**
- **Terms that sound similar and are not** — put them side by side
- **Where the same term means different things** depending on context or country
- ***Where the term is used loosely in media versus precisely in filings***

**Rules:**
- ***Do not give a number as an example unless I provided it.*** A made-up illustrative figure gets remembered as a real one
- ***Do not explain whether the value is good or bad.*** That is a judgment, not a definition
- Where a term has a formal definition that varies by jurisdiction, **say so rather than picking one**