Related Words

Research And Development (R-D): Development of new products and services by a company in order to obtain a competitive advantage.

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

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

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.

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.

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.

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

Prime Farmland: Land that is best suited to and available for the production of food, feed, forage, fiber, and oilseed crops. It can be cropland, pastureland, rangeland, forestland, or other land. It has th . . . View Full Definition

Preand Post Tours: Optional extension or side-trip package before or after a meeting, gathering or convention.