Definition of Carry Back in English :
Define Carry Back in English
Carry Back meaning in English
Meaning of Carry Back in English
Pronunciation of Carry Back in English
Carry Back pronunciation in English
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Carry Back
see synonyms of carry backVerb
1. carry back
deduct a loss or an unused credit from taxable income for a prior period
WordNet Lexical Database for English. Princeton University. 2010.
Carry Back
see synonyms of carry backverb
1. (tr, adverb)
to apply (a legally permitted credit, esp an operating loss) to the taxable income of previous years in order to ease the overall tax burden
noun carry-back
2.
an amount carried back
noun
tax accounting
an amount carried back
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