carryforwardn.adj.
/ˈkarɪˌfɔːwəd/, /ˌkarɪˈfɔːwəd/, U.S. /ˈkɛriˌfɔrwərd/, /ˌkɛriˈfɔrwərd/ Bookkeeping and Accounting.
A. n.
A balance of money carried forward to the next account; a balance, allowance, etc., carried forward from one tax year to the next; (now often) spec. (more fully tax-loss carryforward) a loss during one tax year used to reduce taxable income in a subsequent year. Cf. to carry forward 2 at carry v. Phrasal verbs.
ΘΚΠ
society > trade and finance > management of money > keeping accounts > account or statement of > [noun] > account book > difference between sides > specific
foot1433
fault1665
rest1670
balance (in hand)1771
account balance1789
carryover1873
carryforward1894
overrun1899
carryback1941
1894 Gas World 28 July 94/2 The carry forward of £20,632, 18s. 3d. at the end of the corresponding half of 1893.
1901 Westm. Gaz. 7 Aug. 7/1 This is one of the few companies which does not announce its carry forward with the dividend.
1959 Economist 28 Feb. 817/2 The ordinary dividend..is paid by drawing upon the carry-forward.
1975 Forbes (Nexis) 1 Nov. 76 Where the crepe hangers could see only Columbia's soaring production costs and operating losses, Allen and Hirschfield could envision years of juicy tax-loss carryforwards to shelter future earnings.
1996 Observer 31 Mar. (Business section) 17/8 There is also a ‘carry forward’, which allows you to use unused contribution entitlement from the six previous tax years.
2020 News Bites US Markets (Nexis) 20 Nov. To protect and preserve the long-term value of certain tax assets primarily associated with net operating loss carryforwards.
B. adj.
In attributive use. That is carried forward or transferred from an earlier situation, process, period, etc.; of or relating to carryforwards, esp. tax-loss carryforwards.
ΚΠ
1906 Arms & Explosives June 76/2 The balance of £362 is added to the carry forward amount, which thus becomes £3,895.
1938 Accounting Rev. 13 127/2 The British income tax is at present based on annual income with a carry-forward provision for losses.
1982 Christian Sci. Monitor 30 Apr. (Business section) 11/3 A 10-year carry forward provision, permitting the tax burden to be diluted over a decade.
1993 J. Lowe Which? Guide to Pensions (ed. 2) viii. 130 You can..take out a personal pension plan to cover the period using the carry forward rules.
2020 FD (Fair Disclosure) Wire (Nexis) 16 Sept. We have cash tax payments increasing as we run out of usable carryforward losses where the carryforward losses mainly stemmed from 2009 world financial crisis.
This entry has been updated (OED Third Edition, June 2021; most recently modified version published online December 2021).
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n.adj.1894