profit and loss

noun

: a summary account used at the end of an accounting period to collect the balances of the nominal accounts so that the net profit or loss may be shown

Examples of profit and loss in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
All profit and loss flow through to the business owner’s personal tax returns. Allbusiness, Forbes.com, 22 May 2026 Exotic lenders do accept profit and loss statements as long as they are countersigned by a tax preparer. Jeff Lazerson, Oc Register, 7 May 2026 Advertisement Due to all of these successes and pressures—as well as the wild deviations in the company’s cryptocurrency, Toncoin—the company has swung back and forth between profit and loss for the past few years, but remains a communication linchpin around the world. Time Contributors, Time, 28 Apr. 2026 Amazon's average cut of each sale crossed 50% for the first time in 2022, according to Marketplace Pulse, a third-party market research firm, which cited a sample of sellers' profit and loss statements. Annie Palmer, CNBC, 15 Apr. 2026 See All Example Sentences for profit and loss

Word History

First Known Use

1553, in the meaning defined above

Time Traveler
The first known use of profit and loss was in 1553

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Cite this Entry

“Profit and loss.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/profit%20and%20loss. Accessed 5 Jun. 2026.

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