profit and loss


Definition of profit and loss

: 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

For some people, the stress and volatility of the profits and losses and lack of control, that’s not for everyone, men included. Rachael Levy, WSJ, "One of the Most Powerful Women in Hedge Funds Doesn’t Run Money," 19 June 2019 The firm had a long history teetering between sizable profits and losses, and Mr. Iacocca could never entirely keep it in the black. Bart Barnes, Washington Post, "Auto industry icon Lee Iacocca dies at 94. He helped launch the Ford Mustang and saved Chrysler from bankruptcy.," 2 July 2019 The firm had a long history teetering between sizable profits and losses, and Iacocca could never entirely keep it in the black. Bart Barnes, The Denver Post, "Lee Iacocca, who rescued Chrysler from bankruptcy in the 1980s, dies at 94," 2 July 2019 Not about party strategy, calculations of political profit and loss, but about setting the world to rights. Amos Oz, Harper's magazine, "Setting the World to Rights," 10 Apr. 2019 For decades, ABB’s country-level and regional managers were responsible for profit and loss. Tatyana Shumsky, WSJ, "ABB Bets Simplified Structure Will Cut Costs, Boost Profit," 9 Jan. 2019 That’s largely because packaged-goods companies train marketers on more aspects of the business, and often give them responsibility for a unit’s profit and loss statement. Nat Ives, WSJ, "Boxed CMO Makes the Leap to a General Manager Post at Clorox," 18 Dec. 2018 The memory-chip business is notorious for wild swings between profit and loss. Jeran Wittenstein, The Seattle Times, "Record chip stock rally is fraying, reviving painful memories," 10 Sep. 2018 The metrics include information on each trading desk’s risk exposures, sensitivities to different market conditions, profits and losses, and various inventory and trade ratios. Sheila C. Bair And Gaurav Vasisht, WSJ, "The Volcker Rule Needs Transparency More Than ‘Simplification’," 9 Sep. 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'profit and loss.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of profit and loss

1553, in the meaning defined above

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Last Updated

22 Jul 2019

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The first known use of profit and loss was in 1553

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