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

Business » Banking

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Definition

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, 2015. Web. 29 Aug. 2015. <http://www.abbreviations.com/term/1441046>.