Loss Damage Waiver (Ldw): Variation of collision damage waiver employed by some car rental vendors. Renters are advised to buy ldw to avoid liability for collision, theft, vandalism, loss of car, and other noncollision damages.

 

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Loss Damage Waiver (Ldw): Variation of collision damage waiver employed by some car rental vendors. Renters are advised to buy ldw to avoid liability for collision, theft, vandalism, loss of car, and other noncollisi . . . View Full Definition

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

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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

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

Realized Profit (Or Loss): A capital gain or loss on securities held in a portfolio that has become actual by the sale or other type of surrender of one or many securities.

Realized Gains And Losses: Gains and losses resulting from the sale of securities in an arm's length transaction.

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

Punitive Damages: Damages awarded to one party to punish another party for dishonest conduct. Meant to deter others from committing a similar offense.