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profit and loss

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

First recorded in 1580–90
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

Examples from the Web for profit and loss

Historical Examples

  • This, too, was one of the items in the profit-and-loss column of his experiments.

    The Imitator

    Percival Pollard

  • The profit-and-loss account in the long run always balances.

    The Breath of Life

    John Burroughs

  • They keep a weather eye on the profit-and-loss account, and retire like thrifty traders on a well-earned competency.


British Dictionary definitions for profit and loss

profit and loss

noun
  1. accounting an account compiled at the end of a financial year showing that year's revenue and expense items and indicating gross and net profit or loss
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Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012