Related Words

Catch and Face: Technique for receiving a pass and squaring up to the basket; similar to the triple-threat position.

Profit And Loss Statement: A detailed statement of income and expenses of a business that reveals the operating position of the business over a period of time. Commonly referred to a P&L.

Profit And Loss Account: An account made up of revenue and expense accounts which shows the current profit or loss of a business (ie. whether a business has earned more than it has spent in the current year). Often . . . View Full Definition

Profit and Loss Statement (P and L): Another term for the income statement.

Propaganda: In its original use, the term referred to a committee of cardinals the Roman Catholic church founded in 1622 (the Congregatio de propaganda fide). This group established specific educational . . . View Full Definition

Property Plant And Equipment: Tangible, long-lived assets acquired for use in business operations: includes land, buildings, machinery, equipment, and furniture.

Proband: Individual in a family who brought the family to medical attention.

Property Plant And Equipment Turnover: A measure of how well property, plant, and equipment are being utilized in generating a period's sales: computed by dividing net sales by average property, plant and equipment.

Private Island: An island or beach property leased or owned by a cruise line for the specific use of its cruise passengers. Private islands typically offer an array of beach and water sports.

Price Elasticity Of Demand: The relationship between the change in the price of a commodity and the corresponding change in the quantity that is sold. If a small change in the price is accompanied by a relatively large . . . View Full Definition