EBIT

Earnings before interest and taxes. Also known as operating income. 

Dutch Auction

A method of allocating shares in an IPO where you specify how much you’re willing to pay for how many shares.

Board Lot

A standard trading unit as defined in UMIR (Universal Market Integrity Rules). The board lot size of a security on Toronto Stock Exchange or TSX Venture Exchange depends on the trading price of the security, as follows: Trading price per unit is less than $0.10 – board lot size is 1,000 units Trading price per unit is $0.10 to $0.99 – board lot size is 500 units Trading price per unit is $1.00 or more – board lot size is 100 units

EBITDA

Earnings before interest, taxes, depreciation and amortization. Adds these items back to reported earnings to more accurately reflect real cash earnings of company. Similar to operating cash flow, except operating cash flow also considers changes in levels of inventories and receivables.

Book

An electronic record of all pending buy and sell orders for a particular stock.

EBIT

Earnings before interest and taxes. Also known as operating income.