{"iri":"https://lexicon.financial/ext/SellersDiscretionaryEarnings","label":"Seller's Discretionary Earnings","definition":"EBITDA plus the owner's salary and discretionary personal expenses — the standard earnings metric for main-street / lower-mid-market businesses where a single owner-operator's compensation dominates the P&L. Used instead of EBITDA for businesses with asking price below ~$5M.","license":"https://spdx.org/licenses/MIT","source":"ext","source_url":"https://lexicon.financial/ext/"}