Earnings before interest and taxes (EBIT) plus depreciation and amortization

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Earnings before interest and tax, depreciation, amortization and restructuring costs (EBITDAR) is a useful performance number for companies that have recently announced restructuring plans.

EBITDAR can be calculated as Total Revenue - Total Costs (excluding interest, tax, depreciation, amortization and restructuring costs).

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Financial Services Authority (FSA)

The Financial Services Authority was created by the incoming UK Labor Government in 1997 as the regulatory body for the whole financial services industry. A number of separate regulatory bodies were brought together into the FSA. The FSA also took over the responsibilities that the Bank of England had for supervising banks and other financial institutions. The Chairman of the FSA is Howard Davies, ...

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