Definition, Meaning & Synonyms
carryforward
noun
/ˈkɛr.iˌfɔːr.wərd/
Definition
The process of transferring an amount, value, or balance from one period to the next in accounting or finance.
Examples
- The company had a tax carryforward that reduced its taxable income for the next year.
- She used the carryforward of her unused vacation days to extend her time off.
Meaning
Carryforward refers to the practice of applying an unused amount from one financial period to future periods, often used in tax laws and budgeting.
Synonyms
- transfer
- rollover
- forwarding
