Earnings Before Interest, Taxes, And Depreciation (EBITD): A financial measure defined as revenues less cost of goods sold and selling, general, and administrative expenses. In other words, operating and nonoperating profit before the deduction of interest and income taxes.

 

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Earnings Before Interest, Taxes, And Depreciation (EBITD): A financial measure defined as revenues less cost of goods sold and selling, general, and administrative expenses. In other words, operating and nonoperating profit before the deduction of i . . . View Full Definition

Private Island: An island or beach property leased or owned by a cruise line for the specific use of its cruise passengers. Private islands typically offer an array of beach and water sports.

Prior Converted Wetland: Under the swampbuster program, these are wetlands that were converted to cropland before swampbuster was enacted on December 23, 1985, and meet wetland criteria for saturated soils or water- . . . View Full Definition

Proband: Individual in a family who brought the family to medical attention.

Profit And Loss Account: An account made up of revenue and expense accounts which shows the current profit or loss of a business (ie. whether a business has earned more than it has spent in the current year). Often . . . View Full Definition

Profit And Loss Statement: A detailed statement of income and expenses of a business that reveals the operating position of the business over a period of time. Commonly referred to a P&L.

Prime Farmland: Land that is best suited to and available for the production of food, feed, forage, fiber, and oilseed crops. It can be cropland, pastureland, rangeland, forestland, or other land. It has th . . . View Full Definition

Profit and Loss Statement (P and L): Another term for the income statement.

Primary Earnings Per (Common) Share: Earnings available for the payment of dividends to common stockholders divided by the number of common shares outstanding.

Price Elasticity Of Demand: The relationship between the change in the price of a commodity and the corresponding change in the quantity that is sold. If a small change in the price is accompanied by a relatively large . . . View Full Definition