Word of the Day | PNL
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Word of the Day | PNL
In finance, the abbreviation PNL ( P&L) stands for "Profit and Loss." It's a way to measure how much money you've made or lost over a certain period of time.
Here's a simple breakdown:
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Profit: This is the positive side of things. If you made more money than you spent or invested, you have a profit.
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Loss: On the flip side, if you spent or invested more money than you made, you have a loss.
So, when people talk about their "PNL" in finance, they're basically talking about whether they're making money (profit) or losing money (loss) during a specific time frame. It's a way to see how well, or not so well, things are going financially.
https://www.dbm.academy/faq for more blockchain vocabulary.