Tag Archives: Acronyms

EBIT

Earnings Before Interest in Taxes

Informant is an Accounting Major.

[So what does that (EBIT) mean?] It basically measures a company’s profitability and its calculated as the revenue minus the expenses but it does not include taxes or interest, it’s also known as operating profit. [What’s your relationship to this, this EBIT that you speak of?] (laughter) I am an accounting major, so therefor I have to look at a company’s EBIT and occasionally have to calculate it. It’s unfortunate, really. [Where did you first hear this, was it in a class-?] Yeah it was in my accounting class, BU8380 financial accounting I do NOT recommend anyone take that class, or any other accounting class (laughter). [Will it be that you’ll type it out or see it on a document-] I’ll see it, sometimes when people are talking about it, when it does come up, sometimes it’ll come up when you’re talking about companies profitability, yeah, that’s when it’ll come up. [Is this a term that is used more exclusively by accountants, or if you’re a business major and you hear EBIT you’ll know what someone’s talking about] Business majors should know [should know?] if they payed attention in class (laughter).

-Interview with Informant

The shortening of words is a longstanding practice. Humans are lazy by nature and so as time passes they will say and do things the easiest way they can. Often the way a person says a word changes as the vowel sound becomes the one easiest to make after the previous one in a word. For example the word for is often pronounced as “fer” in modern day, where as fifty years ago no one would have pronounced it that way. “Fer” is easier to say and more convenient than the defined “for”, so that’s how its said. Accountants are no exception to this. All of the different professions also have jargon, and whereas someone who is a Dornsife students probably would have no idea what EBIT was or even what it means once the words are said, a Vertibi student, or at least one that has taken an accounting course, would. The informant voiced a general dislike of their chosen study, which gives insight into the almost mandatory or inevitable nature of folklore. Despite their deep dislike of accounting, the informant cannot help but know the terms used frequently by accountants. Minor forms of folklore are often picked up without realizing or making a conscious effort to do so. When one frequently interacts with something or some group, they are bound to pick up the relevant lore.

Slang about UCLA

Nationality: Pakistani-American
Age: 23
Residence: CA
Performance Date: 3/16/2014
Primary Language: English
Language: Urdu

Context: The informant is a young professional who graduated from UCLA in 2012.  She relays that the acronym for her school had the unofficial meaning of the “University of Cute Little Asians”.

Analysis: A quick search of the UCLA website’s enrollment statistics shows that the ethnic category with the highest enrollment is those who have checked the “Asian/Pacific Islander” box, at 34.8% of total students; the next largest group is white students at 27.8%. The informant herself is not white, nor did she elaborate on whether or not she used the term in her own conversations, but she did confirm that at her time at UCLA, a large portion of the students she saw on a daily basis appeared to be of Asian descent.

The term therefore seems to be a somewhat racist comment on the high population of Asian-descent students at UCLA, combined with the well-worn stereotype that those of East Asian ancestry are shorter in stature than white people, and the fetishization of Asians, particularly Asian women, with the term “cute”.

A somewhat related term I have heard during my time at USC is “University of Spoiled Children”, quite obviously referring to the stereotype of most USC students being rich and white, and a good many of them “legacy” students, meaning an older family member also attended. This view, however distasteful to some, is actually rather true: USC’s student body is 39% white (the next biggest group, 23%, is Asian). And according to an LA Times article, “the percentage of USC students [whose family income is] over $200,000…is more than twice as high as [UCLA]’s”.

I have also heard the much less controversial and more humorous “University of Summer Construction” (but not just summer anymore–I have been a student since the fall of 2010, and there has been some sort of constrution, modification, addition, or repairing going on every single semester along the commonest routes I take across campus).

Singaporean Joke Acronyms

Nationality: Singaporean Chinese
Occupation: Student
Residence: Singapore
Performance Date: March 2007
Primary Language: English
Language: Mandarin, Cantonese, Hokkien

Acronyms :

SBS

Singapore Bus Service

Side-By-Side

SDU

Social Development Unit

Single, Desperate, Ugly

MRT

Mass Rapid Transit

Mad Rush to Train

SAF

Singapore Armed Forces

Serve And Forget

PAP

People’s Action Party

Pay and Pay

PUB

Public Utilities Board

Pay Until Bankrupt

LTA

Land Transport Authority

Long Tio Ah (Crash)

 

These were a few acronyms that my informant heard from one of his ex-classmates from high school. The middle column is the correct versions of these abbreviations. While there are more than just these few, these are just the ones that he could remember off the top of his head. While this might not mean much to the average non-Singaporean, to most Singaporeans this would be rather amusing as it fits the stereotypes of the particular government function, according to my informant.

These are not meant to offend anyone, but just to poke fun at the establishment a little. If you have not noticed, all of those listed above are government owned or governmental establishments. The government in Singapore is also one of its largest employers and therefore most people are beholden to the government. Like people everywhere though, they enjoy making fun of their government and this is meant to do so.