earnings before interest, tax, depreciation and amortization
From Longman Business Dictionaryearnings before interest, tax, depreciation and amortizationˌearnings before ˌinterest, ˌtax, depreciˌation and amortiˈzation abbreviation EBITDA noun [plural]ACCOUNTINGTAX a company’s profits for a particular period of time, not including interest payments on its debt, tax payments, and amounts to cover the decreasing value of machinery, equipment etc