RepoToronto

> I've seen capital refer to Equity. What is the CFA definition for capital?

As indicated above, in the CFA world "capital" generally refers to debt capital + equity capital.

But you're also right that "capital" can be defined like this: "Accounting: The remaining assets of a business after all liabilities have been deducted; net worth." And if you're talking about financial institutions or studying for your FRM or PRM, "capital" almost always means "equity capital". Go figure.

After a while you'll get the hang of which usage is the default in your particular corner of finance.