• Is a ratification of an order. Usually it is in written form, however verbal confirms must be subsequently validated by a written record of the transaction. See confirmation.

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 Business model eps projection: Estimates EPS by applying profit and tax margins to the projected sales rate five years into the future. This centers attention on profitability rather than sales expansion. This formula may be used to estimate earnings per share five years ahead. It starts with the sales growth projection. (This is used because sales growth is historically more consistent and stable than earnings growth.) Expenses, taxes, and preferred dividends are then subtracted from sales. Finally, the result is divided by the shares outstanding to show the 5-year forecast for EPS. It is worthwhile to compare this sales-based EPS projection with other methods. This should help to Confirm the reasonableness of your future 5-year EPS projection.

 Cram down: The ability of the bankruptcy court to Confirm a plan of reorganization over the objections of some classes of creditors.

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