Definition of "profit and loss" []

• An account showing net profit and loss over a given period. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "He united Aegis Media's five key media brands—Carat, Isobar, Posterscope, Vizeum and iProspects—under one profit and loss statement in order to better provide services from across the different brands to one client and attract more and larger contracts."
• "Malaita, the profit and loss account of social intercourse is calculated in homicides."
• "'It must be worth it or we would not be here,' said Losenwoldt squelchingly, which I at least interpreted as ignorance of the profit and loss figures of the business."