profit and loss

[ prof-ituhn laws, los ]

nounBusiness.
  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.

Origin of profit and loss

1
First recorded in 1580–90

Words Nearby profit and loss

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

How to use profit and loss in a sentence

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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