Definition, Meaning & Synonyms

carry-forward

verb

/ˈkæri ˈfɔrwərd/

Definition

To transfer or continue something from one period to another.

Examples

After calculating this year’s expenses, we will carry forward the remaining budget to next year’s projects.
Because he had a tax loss this year, he was able to carry forward that loss to offset his taxes next year.
The company decided to carry forward the unused vacation days to ensure that employees can take time off later.

Meaning

The term ‘carry-forward’ is primarily used in finance and accounting. It refers to the practice of moving an amount or balance to the next accounting period, allowing it to be included in future calculations. This concept is often applied to losses, gains, or credits that cannot be fully utilized in the current period.