From Longman Business Dictionaryearnings before interest and taxˌearnings before ˌinterest and ˈtax abbreviation EBIT noun [plural]ACCOUNTINGTAX a company’s profits for a particular period of time, without counting interest payments on its debt and payment of taxSales rose from A$6.4 billion to A$6.9 billion, with earnings before interest and tax (EBIT) increasing from A$217 million to A$234 million.
