Pronunciation: (kar'ē-fôr'wurd), [key]
2. (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 subsequent years, chiefly in order to ease the tax burden. Cf. carry•back.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.