[U]ACCOUNTING,TAXthepracticeoftreatinga company'spresentprofitorlossas if ithappenedin anearlierperiod:Thesechargescan bedeductedas if they weretradinglossesfor thepurposeof carry-back oflosses.[C]ACCOUNTINGanamountthat iscopiedfrom alatercolumnofnumbersor alateraccountingperiodto anearlierone[U]TAXUKarulethatallowsanemployeetocountthis year'spaymentsintotheirpensionfundas if they were made in theprevioustaxyear:Carry back gives anopportunityforimmediatetaxrelief.(Definition ofcarrybackfrom theCambridge Business English Dictionary? Cambridge University Press)
Examplesofcarryback
carrybackSuch changes could occur, e.g., because ofcarrybackof deductions, losses, or credits in the foreign country, changes on examination of returns, etc.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Thecarrybackperiod was extended for the business credit, along with the bonus depreciation.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.#https://dictionary.cambridge.org//dictionary/english/carryback##
