Dictionary

carryback

noun car·ry·back \ˈka-rē-ˌbak, ˈker-ē-\

Definition of CARRYBACK

:  a loss sustained or a portion of a credit not used in a given period that may be deducted from taxable income of a prior period
ADVERTISEMENT

First Known Use of CARRYBACK

1942

Browse

Next Word in the Dictionary: carry bagPrevious Word in the Dictionary: carry awayAll Words Near: carryback
ADVERTISEMENT
How to use a word that (literally) drives some people nuts.
Test your vocab with our fun, fast game
Ailurophobia, and 9 other unusual fears