What does P&L mean in Banking?

This page is about the meanings of the acronym/abbreviation/shorthand P&L in the Business field in general and in the Banking terminology in particular.

Profit and Loss

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What does P&L mean?

profit and loss, profit and loss account(noun)
an account compiled at the end of an accounting period to show gross and net profit or loss

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"P&L." Abbreviations.com. STANDS4 LLC, 2016. Web. 24 Aug. 2016. <http://www.abbreviations.com/term/1441046>.