carryback
[ kar-ee-bak ]
/ ˈkær iˌbæk /
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 preceding years, chiefly in order to ease the tax burden.
Compare carry·forward(def 2).
Origin of carryback
First recorded in 1940–45; noun use of verb phrase
carry back
Words nearby carryback
carry-in,
carry-on,
carry-out,
carry-over,
carryall,
carryback,
carrycot,
carryforward,
carrying capacity,
carrying charge,
carrying place