Glossary

The negative movement in the price of a security, sector or market. Downside can also refer to economic conditions and it describes periods when an economy has either stopped growing or is shrinking.

Drop shipping is a supply chain management method in which the retailer does not keep goods in stock but instead transfers customer orders and shipment details to either the manufacturer, another retailer, or a wholesaler, who then ships the goods directly to the customer.

An aging schedule often categorizes accounts as current (under 30 days), 1-30 days past due, 30-60 days past due, 60-90 days past due, and more than 90 days past due. 

Reasonable steps taken by a company in order to satisfy a legal requirement, especially in buying or selling something.

 A company's earnings before interest, taxes, depreciation, and amortization, is an accounting measure calculated using a company's net earnings, before interest expenses, taxes, depreciation and amortization are subtracted, as a proxy for a company's current operating profitability.

EBITDA add-backs are amounts for specific expenditures that the borrower adds to EBITDA to come to Adjusted EBITDA.

EBITDA Adjusted represents EBITDA plus any negotiated add-backs or non-cash items not included in the standard definition of EBITDA. 

Defined as a form of depreciation, or an incurable loss in value, caused by unfavorable conditions external to the property itself, such as the local economy, economics of the industry, availability of financing, encroachment of objectionable enterprises, loss of material and labor sources, lack of efficient transportation, shifting of business centers, passage of new legislation, and changes in ordinances.