From Longman Business Dictionarycarryforwardcar‧ry‧for‧ward /ˈkæriˌfɔːwəd-ˌfɔːrwərd/ noun [countable] American English ACCOUNTINGTAX an amount of money earned or spent in a particular year which is carried forward from one accounting period to a later period, usually in order to reduce the amount of tax you have to payThe company’s results include an extraordinary credit of $1 million, or 10 cents a share, because of a tax-loss carryforward.
