/ Dictionary / Index P P. and L.: Meaning and Definition of Find definitions for: P. and L. Pronunciation: [key] profit and loss. Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease. pandit pandora Related Content Daily Word Quiz: cygnet Analogy of the Day: Today’s Analogy Spelling Bee: Today’s Spelling Bee Frequently Misspelled Words Frequently Mispronounced Words Easily Confused Words Writing & Language