SHOP

Known as ETFs, a subset of Exchange Traded Products (ETPs), they are registered investment funds, regulated by the SEC, and like stocks, they trade on an exchange. ETFs are comprised of a basket of securities such as stocks, bonds, or commodities and track a specific index for performance. The concept…

See Exchange Traded Funds.

Computerized trading system bringing buyers and sellers together, eliminating the traditional middleman. ECNs are a type of ATS and show best-priced orders in the consolidated quote stream, not just the best bid/offer available. In the U.S., ECNs are registered with the SEC as broker-dealers.

See Electronic Communications Network.

EBITDA PLUS stock-based compensation.

EBITDA PLUS losses, gains, and other adjustments on real estate.

EBITDA PLUS lease/rental expenses.

EBITDA PLUS pension expenses.

EBITDA PLUS option expenses.

EBITDA PLUS change in acquisition costs.

Earnings before Interest, Taxes, Depreciation, and Amortization. Used to measure company’s operating profitability before non-operating expenses. Used as a proxy for cash flow.

Earnings Before Interest and Taxes. EBIT measures a company’s operating profit.