Meaning of carryforward


Pronunciation: (kar'ē-fôr'wurd), [key]
— n.
  1. carry-over.
  2. (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 subsequent years, chiefly in order to ease the tax burden. Cf. carry&syl;back.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.