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profit-and-loss statement.See INCOME STATEMENT. [Blacks Law 8th]

profit-and-loss account.See ACCOUNT. [Blacks Law 8th]

profit,n.1. The excess of revenues over expenditures in a business transaction; GAIN(2). Cf. EARNINGS; INCOME. [Cases: Internal Revenue 3178; Taxation 996. C.J.S. Internal Revenue § 110; Taxation §§ 1732–1733.] accumulated profit.Profit that has accrued but not yet been distributed; earned surplus. — Also termed undivided profit. See retained earnings under EARNINGS. [Cases: Internal Revenue 3833.]…

profiling. See RACIAL PROFILING. [Blacks Law 8th]

proficua (pr<<schwa>>-fik-yoo-<<schwa>>). [Law Latin] Hist. Profits; esp., the profits of an estate in land. [Blacks Law 8th]

proffered evidence.See EVIDENCE. [Blacks Law 8th]

proffer (prof-<<schwa>>r), vb. To offer or tender (something, esp. evidence) for immediate acceptance. [Cases: Criminal Law 670; Trial 44.C.J.S. Criminal Law §§ 1203–1205; Trial § 163, 170.] — proffer,n. [Blacks Law 8th]

professional relationship.See RELATIONSHIP. [Blacks Law 8th]

professional negligence.See MALPRACTICE. [Blacks Law 8th]

professionalism. The practice of a learned art in a characteristically methodical, courteous, and ethical manner. [Blacks Law 8th]