Final Word from Thursday, February 23, 2017
Glossary of difficult words
shareholders' equity - the net value of a company, or the amount that would be returned to shareholders if all the company's assets were liquidated and all its debts repaid;
didactically - in the manner of a teacher, particularly so as to appear patronizing;
syllogism - an instance of a form of reasoning in which a conclusion is drawn from two given or assumed propositions (premises); a common or middle term is present in the two premises but not in the conclusion, which may be invalid (e.g. all dogs are animals; all animals have four legs; therefore all dogs have four legs );
capital call - a call by a company for additional equity investment by shareholders or partners in order to fund cash shortfalls in development or operations.