carryforward

[ kar-ee-fawr-werd ]

noun

1. carry-over.
2. (in U.S. income-tax law) a special provision allowing part of a net loss or of an unused credit in a given year to be apportioned over one or two subsequent years, chiefly in order to ease the tax burden.

Word History and Origins

Origin of carryforward¹

First recorded in 1895–1900; noun use of verb phrase carry forward