What is Normalized, Adjusted, or Recast EBITDA?
Normalized EBITDA is reported EBITDA adjusted to remove owner-specific costs, non-recurring items, and other distortions, producing the earnings figure that reflects what […]
What is Non-Solicitation and Non-Compete Clauses?
A non-compete clause prevents the seller from starting or joining a competing business for a defined period after closing; a non-solicitation clause […]
What is a Non-Arm’s Length Transaction?
A non-arm’s length transaction is a deal between related parties, family members, a shareholder and a corporation, or entities under common control, […]
What are Non-Cash Expenses?
Non-cash expenses reduce reported profit on the income statement without any cash leaving the business, with depreciation and amortization being the most […]