Overtime Loss: The result for a team that loses a game in overtime that was tied after regulation; this category was created starting with the 1999-2000 season and is worth 1 point in the standings.

 

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Overtime Loss: The result for a team that loses a game in overtime that was tied after regulation; this category was created starting with the 1999-2000 season and is worth 1 point in the standings.

Passive Losses: You have passive losses from businesses in which you aren't an active participant. These include limited partnerships, such as real estate limited partnerships, and other types of activities . . . View Full Definition

Passive Activity Loss (PAL): A loss incurred in participating in passive investing.

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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

Real Gain Or Loss: A gain or loss adjusted for increasing prices by an inflation index such as the CPI.

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

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.

Paper Profit (Or Loss): If you own an asset that increases in value, any increase in value is a paper profit, or unrealized gain. If you sell the asset for more than you paid to buy it, your paper profit becomes an . . . View Full Definition

Panglossian: The word is an eponym based on the fictional Dr. Pangloss from Voltaire's satire, Candide. Dr. Pangloss is a naively optimistic pedant who upholds the doctrine that 'all is for the best,' an . . . View Full Definition