profit and loss

[ prof-it uhn laws, los ]

noun

, Business.

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.

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

Word History and Origins

Origin of profit and loss¹

First recorded in 1580–90

Example Sentences

But like many other small businesses in Los Angeles, we measure success and derive value beyond just profit and loss.

From Los Angeles Times

Maguire's figures also show a separate, more stark profit and loss chart for 2022-23, where the money recouped from player sales is excluded due to it being a "volatile", unpredictable market.

From BBC

Others, however, feel that the company's problems should not be seen only through the lens of profit and loss.

From BBC

"Capitalism is a profit and loss system," Mr Wright says.

From BBC

Just one council said they run services at a mixture of profit and loss.

From BBC