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P&L is an industry abbreviation for profit and loss, as in "charged off to profit and loss". For the purposes of a consumer reading their credit report; it is the same as a collection, charge off, or write off.
Many credit granting companies have their own collection and charge off departments. Once a debt is no longer being paid as agreed by a consumer, most companies will attempt some form of collection. At a certain point, not willing to keep bad debts on their books, they simply "write off" or "charge off" the bad debt on their profit and loss figures. They have written the debt off, so it may even show as a zero balance on your credit report. However, the consumer is still responsible for any deficiency balance owing on a P&L account.
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What does 'p and l' mean in the insurance context?
Property and liability (P & L) insurance
In the finantial world what does p stand for in abbreviation p and l?
The "P" in P and L generally stands for Profit.
On a 1913 2 and a half dollar Indian head gold coin what does the B.P.L stand for?
I think you mean B. L. P. rather than B. P. L.Those are the initials of the coin's designer, Bela Lyon Pratt.
Is net loss a debit or credit?
it is credit P&l Dr TO net loss
Bad debt on a balance sheet?
No, bad debt is an expense and is reflected on the P&L Statement.
What does 'p and l' mean in the insurance context?
Property and liability (P & L) insurance
What does PALL analysis mean?
P- Perpose A- Audience L- Language L- Layout
What does l m p mean?
Last menstrual period
What is the domain and kingdom and phylum and class and order and family and genus and species names for a whale?
Superregnum: EukaryotaRegnum: AnimaliaSubregnum: EumetazoaCladus: BilateriaCladus: DeuterostomiaPhylum: ChordataSubphylum: VertebrataInfraphylum: GnathostomataSuperclassis: TetrapodaClassis: MammaliaSubclassis: TheriaInfraclassis: PlacentaliaOrdo: CarnivoraSubordo: FeliformiaFamilia: FelidaeSubfamilia: PantherinaeGenus: PantheraSpecies: Panthera leoSubspecies: †P. l. atrox - P. l. azandica - P. l. bleyenberghi - †P. l. europaea - P. l. hollisteri - P. l. kamptzi - P. l. krugeri - P. l. leo - P. l. maculatus - †P. l. melanochaita - P. l. nubica - P. l. persica - P. l. senegalensis - †P. l. sinhaleyus - P. l. verneyi
Taxonomy of a lion?
Superregnum: EukaryotaRegnum: AnimaliaSubregnum: EumetazoaSuperphylum: DeuterostomiaPhylum: ChordataSubphylum: VertebrataInfraphylum: GnathostomataSuperclassis: TetrapodaClassis: MammaliaSubclassis: TheriaInfraclassis: PlacentaliaOrdo: CarnivoraSubordo: FeliformiaFamilia: FelidaeSubfamilia: PantherinaeGenus: PantheraSpecies: Panthera leoSubspecies: †P. l. atrox - P. l. azandica - P. l. bleyenberghi - †P. l. europaea - P. l. krugeri- P. l. leo - †P. l. melanochaita - P. l. nubica - P. l. persica - P. l. senegalensis - †P. l. sinhaleyus
What does lpc mean on fb?
L ooks P ersonality Closeness is what they think of you
When did democracy start in England?
\ ] '[;[l;,'l[p[l[l[]l[l]/]['--0=-=- \ ] '[;[l;,'l[p[l[l[]l[l]/]['--0=-=- \ ] '[;[l;,'l[p[l[l[]l[l]/]['--0=-=-
What does L P mean on a SmarTemp heat pump touch screen?
low pool
What does G P T A L mean?
Gravida Para Term Abortion Living
What do the letters L R C P mean?
London Regional Cancer Program.
What does P reg mean?
they are the supes that have different labels on the reg like P reg,L reg,M reg and so on
In the finantial world what does p stand for in abbreviation p and l?
The "P" in P and L generally stands for Profit.
