Meanings
- uncountableA profit-and-loss statement; an income statement.
1 more example
That's far from the promised land set out in the Williams-Shapps Plan for Rail, that the railways would have a guiding mind that would be in control of the industry's finances. Businesses have what is called a profit and loss account, showing both revenue and costs, but the current situation means that the two sides of the system are in different hands - and neither is (as yet) in the hands of a 'guiding mind'.
2022 November 16, Christian Wolmar, “Can Merriman use his rail knowledge to make a difference?”, in RAIL, number 970, page 45Synonyms: P and L, P & L, P/L, profit and loss statement
Synonyms & antonyms
nounA profit-and-loss statement; an income statement.
More synonyms by meaning
nounan account compiled at the end of an accounting period to show gross and net profit or loss
Synonym sets from Open English WordNet, CC BY 4.0.
Cite this entry
profit and loss. (n.d.). In WatkinsX Dictionary. Retrieved November 5, 2026, from https://dictionary.watkinsx.com/word/profit%20and%20loss
“profit and loss.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/profit%20and%20loss. Accessed November 5, 2026.
WatkinsX Dictionary, s.v. “profit and loss,” accessed November 5, 2026, https://dictionary.watkinsx.com/word/profit%20and%20loss.
Source: profit and loss on Wiktionary, CC BY-SA 4.0.