Business Finance Terms, Explained Simply.

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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....

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....

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....

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....