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Provision For Loan Losses

The Provision for Loan Losses (PLL) is a financial metric used by companies that lend money to estimate the amount of money they could potentially lose on loans that may default. The PLL is a type of accounting adjustment made to reflect an estimate of the amount of money a company may lose on loans that have become uncollectible or delinquent. It is calculated by taking the total amount of outstanding loans and multiplying it by an estimated percentage that the company believes will become uncollectible. The PLL is recorded on the company's income statement as an expense and reduces the company's net income. A higher PLL indicates that a company is more cautious about the potential loss of loan defaults, while a lower PLL indicates that the company is more optimistic about the performance of its loans.

Additional Details

Metric Name Type Default Period Type
provision_for_loan_losses FY

Formatting Details

Data Format Display Format Unit
float financial usd