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 That understanding is particularly important because dealing with profit and loss can be daunting for both experienced traders and newcomers. Kody Boye, USA TODAY, 14 June 2024 English previously managed profit and loss operations for merchandising divisions of Tory Burch in New York and Gap Inc. in San Francisco. Phoebe Wall Howard, Detroit Free Press, 27 May 2024 The role of managing profit and loss (P&L) requires handling the increases and decreases in revenue and costs, and having a holistic understanding of the organization and expenses. Sheryl Estrada, Fortune, 19 Jan. 2024 The fact is that 95% of humanity (i.e., the less affluent majority) and the health of the planet don’t fit into the industry’s calculations of profit and loss. Jim Fruchterman, The Mercury News, 20 Mar. 2024 See all Example Sentences for profit and loss 

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'profit and loss.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1553, in the meaning defined above

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

Dictionary Entries Near profit and loss

Cite this Entry

“Profit and loss.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/profit%20and%20loss. Accessed 2 Jul. 2024.

Last Updated: - Updated example sentences
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