Business Terms and Jargon Explained

What is Profit and Loss Responsibility

P & L responsibility is the accountability of a department, section or company in terms of it making a profit or loss in its own right. When authority is given, then that person is responsible for its performance and how it will affect the rest of the business and is answerable for the results.

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Caution Audit Stamp duty
Mortgage Offer Life Interest Minority Interest
N322A Civil Court form Dek CHIP and PIN
Bankruptcy Actus reus BTI
Blowfish Adjudicator Automatic Stabilisers
Media kit White Bonnet Upskill
Promotion Ratification committal
Donee Unissued stock Contempt of Court
Benchmark Security for Loans Offshore
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Billing Cycle ICO In loco parentis

Term created / updated 2007-05-29 00:06:06

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