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carryback

car·ry·back
C c

Transcription

    • US Pronunciation
    • US IPA
    • UK Pronunciation
    • UK IPA
    • [kar-ee-bak]
    • /ˈkær iˌbæk/
    • /ˈkæriˌbæk/
    • US Pronunciation
    • US IPA
    • [kar-ee-bak]
    • /ˈkær iˌbæk/

Definitions of carryback word

  • noun carryback (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 preceding years, chiefly in order to ease the tax burden. Compare carry·forward (def 2). 1
  • noun carryback (accounting, taxation) A income tax loss or credit that can be applied to offset previously taxed income or taxes paid, respectively. 1

Information block about the term

Origin of carryback

First appearance:

before 1940
One of the 7% newest English words
First recorded in 1940-45; noun use of verb phrase carry back

Historical Comparancy

Parts of speech for Carryback

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation

carryback popularity

A pretty common term. Usually people know it’s meaning, but prefer to use a more spread out synonym. About 69% of English native speakers know the meaning and use word.
Most Europeans know this English word. The frequency of it’s usage is somewhere between "mom" and "screwdriver".

carryback usage trend in Literature

This diagram is provided by Google Ngram Viewer

Top questions with carryback

  • what is a seller carryback?
  • what is nol carryback?
  • what happens to credits in the carryback or carryover year?

See also

Matching words

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