English Noun P&L (countable and uncountable, plural P&Ls) (finance) Abbreviation of profit and loss. 2011, Mark Galant, Brian Dolan, Currency Trading For Dummies, John Wiley & Sons, →ISBN, page 52:Mark-to-market is the calculation that shows your unrealized P&L based on where you could close your open positions in the market at that instant. Derived terms EP&LP&L statement Anagrams LP, L/P, lp Remove adsWikiwand - on Seamless Wikipedia browsing. On steroids.Remove ads