carry forward

See also: carryforward

English

Pronunciation

  • Audio (General Australian):(file)

Verb

carry forward (third-person singular simple present carries forward, present participle carrying forward, simple past and past participle carried forward)

  1. (idiomatic, accounting, of a balance) To transfer to a new page, column, ledger, or similar entity.
  2. (idiomatic, accounting, of an operating loss or other legal credit) To apply to the taxable income of following years, thereby easing the overall tax burden; carry over.

Derived terms

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