Promoter

A promoter is an individual or organization that markets an investment opportunity to attract capital. Promoters can work for a company’s management, be independent…

Promissory Estoppel

Promissory estoppel is an equitable legal doctrine that lets a court enforce a promise even when the formal requirements of a contract (most importantly,…

Progressive Tax

A progressive tax is a system in which the tax rate increases as taxable income rises. Lower earners pay a smaller percentage of their…

Progress Billings

Progress billings are invoices submitted by a service provider (most commonly a contractor) that request payment for the portion of a long-term project completed…

Profit Sharing Plan

A profit‑sharing plan is an employer-sponsored program that gives employees a portion of company profits. Contributions can be paid in cash (current-year payments) or…

Profits Interest

A profits interest is an ownership right in a partnership (including an LLC taxed as a partnership) that entitles the holder to a share…

Profit Center

Key takeaways – A profit center is a business unit, division, product line, store, or department whose revenues and expenses are tracked separately so…

Profit Before Tax Pbt

Profit before tax (PBT), also called earnings before tax (EBT) or pretax profit, is a company’s profit after operating results and interest are accounted…

Profitability Index

The profitability index (PI) is a capital budgeting metric that compares the present value (PV) of a project’s future expected cash inflows to the…

Profit

Profit is the surplus a business retains after covering the costs of running its operations over a specified period (a quarter, fiscal year, etc.).…