carryforward

[ kar-ee-fawr-werd ]
/ ˈkær iˈfɔr wərd /

noun

(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.

Nearby words

  1. carry-out,
  2. carry-over,
  3. carryall,
  4. carryback,
  5. carrycot,
  6. carrying capacity,
  7. carrying charge,
  8. carrying place,
  9. carrying-on,
  10. carryover

Compare carry·back.

Origin of carryforward

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

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019