EBITDA – n : finance/accounting term;
acronym referring to earnings before interest, taxes, depreciation and
amortization; sometimes referred to more generally or less precisely as
operating profit or pre-tax profit. EBITDA is also used as a quick measurement
of cash flow, in that it measures earnings (profit, or the excess of revenues
over expenses) prior to taking into account the non-cash expenses of depreciation
and amortization.
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Adapted from "The CompanyCrafters Entrepreneur's Dictionary"
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