Excess of assets over debt. Particular speciality in which a firm has gained a large market share. Income or loss before taxes and extraordinary items resulting from transactions other than those in the normal course of business. Operating profit divided by net sales. The tax burden is shared by all the partners at their personal rate, and the general partners have unlimited liability.
Limited partners have limited liability.
The currently unpaid balance of a loan, not including interest owed. Also can refer to a primary owner or investor. Compensation an entrepreneur receives for the assumption of risk in a business venture. Also called net income. Also called the income statement.