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What does P(L) stand for?

P(L) stands for Probability of Loss

This definition appears very frequently and is found in the following Acronym Finder categories:

  • Science, medicine, engineering, etc.

Samples in periodicals archive:

Your management decision should be based upon the probability of loss you assign to the potential event, and you should never retain an exposure that was insurable because you were not informed.
Assessing the Probability of Loss Another way to measure the risk of housing investment is the percent of repeat sales that resulted in a loss, where a loss is defined as: [p.
Both the Web-based credit risk calculator and the risk analyzer take into account the probability of default, loss severity and the timing of the credit event to determine an expected probability of loss.