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
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Rivals and analysts suggest that Ellison has improved at managing profit and loss and appeasing superstar creative talent like Tom Cruise and Charlize Theron (arguably the two most important tasks in running a studio). Matt Donnelly, Variety, 5 Aug. 2025 Business income and expenses: For business owners, analyze profit and loss, identify potential deductions, plan for estimated tax payments, and ensure compliance and documentation. Cindy McGhee, Forbes.com, 1 Aug. 2025 As a small business owner, managing your company’s finances, including tracking income and expenses and creating profit and loss reports, is a critical part of the job. Mia Taylor, CNBC, 27 June 2025 Stress-test your profit and loss for a 10% decline in revenue or a 5% increase in cost of goods sold, and map out your contingency playbook. David Earl, Forbes.com, 30 July 2025 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 22 Aug. 2025.

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