carryback

carryback. Tax. An income-tax deduction (esp. for a net operating loss) that cannot be taken entirely in a given period but may be taken in an earlier period (usu. the previous three years). — Also termed loss carryback; tax-loss carryback. Cf. CARRYOVER. [Cases: Internal Revenue 3438; Taxation 1043. C.J.S. Taxation § 1752.]

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词条贡献者

译者Pablo，毕业于国内一流的高级翻译学院，擅长翻译各种与消费者财务监管相关的法律文件。