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Earnings Before Taxes

A measure of a company's ability to produce income on its operations in a given year. It is calculated as the company's revenue less its expenses (such as overhead), but not subtracting its tax liability. EBIT represents cash available to pay off creditors in the event of liquidation, and, as such, it is closely watched, especially when comparing companies in jurisdictions with different tax laws. However, it is not as common a measure as earnings before interest and taxes.

Electronic Benefits Transfer

A system in which a government grants a citizen a card with features like a debit card to dispense public service benefits. For example, most U.S. states use electronic benefits transfer for food stamps. The recipient of food stamps receives a debit card with a certain amount of money pre-programmed into it and the recipient can use it to buy food. Not all establishments accept electronic benefits transfers for payment (just as not all stores accepted actual food stamps), but many do. Electronic benefits transfers are also sometimes used for other welfare programs.

Electronic benefits transfer (EBT).

Electronic benefits transfer, or EBT, is a system through which recipients of certain government benefits receive and spend funds electronically, using a plastic EBT card similar to a bank debit card.

Benefits are deposited electronically into the recipient's program account. The recipient can then use his or her EBT card to make purchases, which are debited from the account.

All states now use EBT in addition to traditional paper coupons to distribute food stamp benefits. Some states also use EBT to disburse benefits for other programs, including the US Department of Agriculture's Special Supplemental Nutrition Program for Women, Infants, and Children (WIC) and the Temporary Assistance to Needy Families (TANF) programs.

There are no fees when recipients use EBT cards for purchases, but fees may apply to cash withdrawals from ATMs or electronic balance inquiries.

References in periodicals archive ?
I call on the Department of Public Welfare to make all EBT card transactions in its possession available to the public," Wagner said, emphasizing that he would work with DPW to protect the confidentiality of individual recipients.
beneficiaries under the EBT and are therefore deemed to be interested in
A majority of states historically use their EBT programs and infrastructure to distribute TANF benefits alongside food stamp benefits.
We are very excited to expand our EBT relationship with the State of Alabama," said Gus Blanchard, chairman and CEO of eFunds Corporation.
The paper, entitled, "Probabilistic Model for Prediction of Angiographically Defined Obstructive Coronary Artery Disease Using Electron Beam Computed Tomography Calcium Score Strata," shows that EBT coronary artery calcium scores are predictive of coronary artery disease (CAD) in asymptomatic patients as well as those with symptoms.
Government agencies have developed EBT programs in which recipients use plastic cards and personal identification numbers (PINs) to access food stamp benefits at point-of-sale (POS) terminals in food stores and cash benefits at either automated teller machines (ATMs) or at POS terminals.
The need to improve the infrastructure of the water and wastewater sector is expected to further drive the environmental equipment and services segments in the Mexican EBT industry.
Although flowers and neckties are more commonly associated with the celebration of Mother's Day and Father's Day, EBT Heart & Body Imaging Medical Director Dr.
In my 34-year career in public service, EBT is perhaps the only effort that is liked by just about everybody.
In adopting the amendments, the Board noted its belief that the strong similarity of EBT systems and other EFT services, the act's legislative history, and the language of the EFTA and Regulation E supported coverage of EBT programs under the act and regulation.
A detailed analysis of the economic framework of the Canadian EBT industry is provided to offer industry participants insights into the country's economic parameters as they exist and the future direction of the same.
We are very pleased by Samsung's choice of Applied Materials to supply its EBT systems as it moves to next generation TFT-LCD manufacturing," said In Doo Kang, vice president and general manager of Applied's AKT Display Business Group.