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carryforward

[ kar-ee-fawr-werd ]

noun

  1. (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.


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Word History and Origins

Origin of carryforward1

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

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carrycotcarry-in