| 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® |
(EVC)
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® % |
(EVC%, spread)
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%] |
|
| endorsement |
written evidence of some alteration to a policy of insurance |
|
| equity |
(Shareholders’ interest)
Equity is that part of the business capital which is owned by shareholders |
|
| excess |
that first part of a loss for which the insured is liable |
|
| exposure |
the possibility of loss or damage |
|
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