PL Business & Finance Abbreviation

Plate

To cut a lengthwise groove in a board or plank. An exterior handrail normally has a ploughed groove for hand gripping purposes. A thin, flat piece of metal of uniform thickness usually over 8 inches to 48 inches in width.

Payload

When data is sent over the Internet, each unit transmitted includes both header information and the actual data being sent. The header identifies the source and destination of the packet, while the actual data is referred to as the payload. Because header information, or overhead data, is only used in the transmission process, it is stripped from the packet when it reaches its destination.

Profit/Loss Statement

Program Line

Promise to Lease

Professional Liability

The legal liability of a professional, such as a doctor, accountant, lawyer, etc., who causes loss, harm or injury to their clients while performing their professional duties.

Plessy

Peak Load

The maximum load, or usage, of electrical power occurring in a given period of time, typically a day is called peak load.