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?

prof′it and loss′(n.)
the gain and loss arising from commercial transactions, esp. as shown on a balance sheet.

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"P&L." Abbreviations.com. STANDS4 LLC, 2014. Web. 18 Dec. 2014. <http://www.abbreviations.com/term/1441046>.

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