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Definition of EBIT
Abbreviation for earnings before interest and taxes.
Earnings before interest and taxes. The measure often is used to gauge coverage of fixed charges.
Conventional earnings before interest, taxes, depreciation, and amortization (ebitDA) revised to exclude the effects of mainly nonrecurring items of revenue or gain and expense or loss.
One side of a journal entry, usually depicted as the left side.
Funds which have been deducted from your account. The opposite of a debit is a credit.
A card which enables you to directly access your bank account when paying for purchases. So instead of paying in cash or with a credit card, a debit card allows the specified amount of the purchase to be electronically debited, or withdrawn, from your bank account. See Interac Direct Payment for an explanation of the actual procedures that you follow at the point of sale (POS) terminal to use your debit card.
A record of the funds which have been debited from your account.
A measure of ebitDA that is outlined or defined in a debt or credit agreement.
A measure of profit that
A financial measure defined as revenues less cost of goods sold
The operating profit before deducting interest and tax.
The operating profit before deducting interest, tax, depreciation and amortization.
An earningsbased measure that, for many, serves as a surrogate for cash flow. Actually consists of working
Earnings before interest, taxes, and amortization expense.
Earnings before interest, taxes, depreciation, and amortization.
ebitDA divided by total sales or total revenue.
Earnings before interest, taxes, deprecation, amortization, and rents.
Preauthorized electronic debits (PADs)
Debits to its bank account in advance by the payer. The payer's
The standard ebitDA with the effects of nonrecurring items removed.
An equation that reflects the two-sided nature of a
Cash receipts journal
A journal used to record the transactions that result in a debit to cash.
On your bank statement, 'credit' represents funds that you have deposited into your account. The opposite of a credit is a debit.
Earnings before interest and taxes (ebit) divided by total assets.
EFT (electronic funds transfer)
Funds which are electronically credited to your account (e.g. direct deposit), or electronically debited from your account on an ongoing basis (e.g. a pre-authorized monthly bill payment, or a monthly loan or mortgage payment). A wire transfer is a form of EFT.
The equity (ownership) capital of a business can serve
Interac® Direct Payment
Instead of paying with cash or a credit card, Interac Direct Payment allows you to pay for your purchase with a debit card, such as your bank card. The amount of the purchase is electronically debited, or withdrawn, from your bank account (see debit card).
Canada's bank machine and electronic debit system. If you use your bank card at a bank machine which displays the Interac symbol (and that bank machine is not your bank's machine), you will be charged a fee.
The formal accounting entry used to identify a business transaction. The
online bill payment
The electronic payment of a bill via the Internet. The specified amount of the bill is electronically debited from your account.
See earnings before interest and income tax (ebit).
point of sale (POS)
The terminal at which a customer uses his/her debit card to make a direct payment transaction. See also Interac Direct Payment.
A system where funds are electronically debited from your account on a specified date by a financial institution (e.g., bill, mortgage or personal loan payments) or perhaps an insurance or an utility company.
Profit before interest and taxes (PBIT)
An accounting record giving the detailed transactions in an account; the subtotals of the debits and credits are posted to the control account maintained in the general ledger. It helps to keep the general ledger free of clutter.
The format used for a general ledger page. The name of the account is put on the top line, and a vertical line is dropped from the top line (hence the "T"). Debits are recorded on the left side, and credits are recorded on the right.
a debit balance in the Overhead account at the end of a period; when the applied overhead amount is less than the actual overhead that was incurred
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