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Definition of profit and loss - 2 dictionary results

profit and loss

–noun
the gain and loss arising from commercial or other transactions, applied esp. to an account or statement of account in bookkeeping showing gains and losses in business.

Origin:
1580–90
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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profit and loss  
n.   Abbr. P and L
An account showing net profit and loss over a given period.
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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