1. An amount of money, credit, or loss that is transferred from one accounting period to the next.
Usage: accounting; finance; plural form

1. Third-person singular present tense of 'carry forward'; to transfer or move something from one period, place, or context to another.
Usage: accounting; finance

Examples

• The company's tax carryforwards reduced its federal income tax liability.
• Operating loss carryforwards can be used to offset future profits.
• She carryforwards her unused vacation days to the next fiscal year.
• The accountant carryforwards the balance from December to January.
• These carryforwards represent significant tax benefits for the corporation.
• The firm carryforwards its research credits to subsequent tax years.