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EBIT
Stands for Earnings Before Interest and Taxes, an indicator of a company's profitability excluding interest and tax expenses.
Bankruptcy Proceedings
A legal process through which individuals or businesses unable to meet their financial obligations can seek relief from some or all of their debts.
M&M Proposition
The Modigliani-Miller Proposition, a principle in finance stating that, under certain conditions, the value of a firm is unaffected by how it is financed, regardless of whether through debt or equity.
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