[ ee-bit ]
/ ˈiˌbɪt /
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noun, abbreviation Finance, Business.
earnings before interest and taxes: a widely used measure of the profitability (or lack thereof) resulting from a company’s core operations, calculated by subtracting from total revenue the cost of goods (or services) sold, sales and marketing expenses, the cost of overhead, and deductions for depreciation and amortization (generally of property and equipment). Other costs that may be indirectly related to operations, as interest (paid on company debt) and taxes (paid on profits), are not taken into account when calculating EBIT.
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The rainy weather could not ________ my elated spirits on my graduation day.
Also called op·er·at·ing in·come [op-uh-rey-ting in-kuhm] /ˈɒp əˌreɪ tɪŋ ˈɪn kʌm/ .
Origin of EBIT
First recorded in 1960–65
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2022