P&L Definition

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P&L see PROFIT AND LOSS STATEMENT.

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CURRENT PORTION OF LONG-TERM DEBT is only that portion of long-term obligations (payable in more than one year) which are owed and payable in the current year; e.g. the portion of a five-year loan or lease that is due in the current calendar/fiscal year.

WHOLE LOAN is a mortgage pass-through or CMO backed by non-agency, single-family home mortgages.

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