|earnings before interest and tax
||(EBIT, operating profit, earnings before interest and tax, PBIT)
Earnings before interest and tax is the (third level of) profit remaining after overhead expenses have been deducted from gross profit.
[EBIT = Gross profit – Overheads]|
|economic return on average total capital employed,
||(“r” and “R” and economic return on average capital)
EcROCE is NOPAT on average total capital.
[EcROCE = NOPAT]|
|economic value added, eva®
Economic value created is the before interest and after tax operating profit, R, minus the total cost of capital, K.
[EVA ® = R – K]|
|economic value created (rate), eva® %
EVA ® % is the before interest and after tax operating profit, R, minus the total cost of capital, K, expressed as a percentage (of total capital)
[EVA % = R% – K%]|
||written evidence of some alteration to a policy of insurance|
Equity is that part of the business capital which is owned by shareholders|
||that first part of a loss for which the insured is liable|
||the possibility of loss or damage|