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Financial Terminology

Posted on Mar-12-2008· by

Financial Terminology
In case you were not aware of the new financial terminology: EBITDA (formerly stood for Earnings before Interest Expenses, Taxes, Depreciation and Amortization) – Now stands for “Earnings before I Tricked Dumb Auditor”.EBIT (Earnings before Interest and Taxes) – Now stands for “Earnings before Irregularities and Tampering”.CEO (Chief Executive Officer) – Now stands for “Chief Embezzlement Officer”.CFO (Chief Financial Officer) – Now stands for “Corporate Fraud Officer”.NAV (Net Asset Value) – Now stands for “Normal Andersen Valuation”.EPS (Earnings per Share) – Now stands for “Eventual Prison Sentence”.

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