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.
With this, define what the profit and loss (P&L) will need to look like to realize this expectation. Bruce Werner, Forbes.com, 29 Apr. 2025 Even then, the profit and loss shown is not the precise number used in the PSR calculation because infrastructure, academy and women’s team costs can be deducted. Chris Waugh, The Athletic, 21 Jan. 2025 Aspects like a loyal customer base, supportive and passionate shareholders, or a profit and loss buffer can help your company navigate challenging times. Juliette Han, Phd, Forbes.com, 11 Apr. 2025 How about a program allowing borrowers to qualify with just a profit and loss statement signed by the tax preparer? Jeff Lazerson, Oc Register, 3 Apr. 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 10 May. 2025.

Last Updated: - Updated example sentences
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