diff --git a/hledger/Hledger/Cli/Commands/Balance.md b/hledger/Hledger/Cli/Commands/Balance.md
index da1db06ca..170fca8ed 100644
--- a/hledger/Hledger/Cli/Commands/Balance.md
+++ b/hledger/Hledger/Cli/Commands/Balance.md
@@ -884,9 +884,8 @@ $ hledger -f examples/sample.journal balance --format "%20(account) %12(total)"
                                 0
 ```
 
-The FMT format string (plus a newline) specifies the formatting
-applied to each account/balance pair. It may contain any suitable
-text, with data fields interpolated like so:
+The FMT format string specifies the formatting applied to each account/balance pair.
+It may contain any suitable text, with data fields interpolated like so:
 
 `%[MIN][.MAX](FIELDNAME)`
 
diff --git a/hledger/hledger.m4.md b/hledger/hledger.m4.md
index 1c57b972d..18c198fbf 100644
--- a/hledger/hledger.m4.md
+++ b/hledger/hledger.m4.md
@@ -2359,8 +2359,7 @@ payee Whole Foods
 ## Market prices
 
 The `P` directive declares a market price, which is
-an exchange rate between two commodities on a certain date.
-(In Ledger, they are called "historical prices".)
+a conversion rate between two commodities on a certain date.
 These are often obtained from a
 [stock exchange](https://en.wikipedia.org/wiki/Stock_exchange),
 cryptocurrency exchange, or the