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Glite Dictionary
carry-forward

carry-forward

1 7.3
An amount of profit or loss that a company moves from a past financial period to the next period
  • noun
  • /ˈkæriˌfɔrwərd/
  • Specialized
translation icon : saldo pendiente
  • The accountant explained that the carry-forward of unclaimed deductions can be beneficial for tax planning.
  • loss carry-forward

Examples

  • Therefore, it is evident that the 2013 budget can be balanced with current revenues and carry-forward balances.

    Blog text (9)

  • Many cap the amount of costs that can be recovered in any given year as a percentage of the value of total production, though they then allow the remainder of those costs to be carried forward to the next year.

    Blog text (15)

  • Many startups are using their carry-forward losses to offset profits in future tax years.

  • After a difficult fiscal year, the company reported a carry-forward of $1 million in net losses.

Synonyms

carryover
vscarry-forward
2 4.0

Something from an earlier time that continues into the present

is specific to an accounting amount moved after deductions into the next period

Antonyms

to write off
  • Specialized
27 4.8

To cancel a debt or reduce an asset's value in accounts

Surface Forms

carry-forward singular
carry-forwards plural

Morphology

carry-forward = carry (transparent) = forward + carry

The noun names an amount that is literally 'carried forward' into the next accounting period; meaning is directly deducible from 'carry' + 'forward'. [Postprocessing: moved 'forward' from base_words to prefix]

Etymology

Carry-forward combines the everyday words carry and forward, so you can imagine 'carrying' a number 'forward' into the next time period. In accounting it means an amount moved from one period to the next, which is why a carry-forward affects future profits or taxes.