The financial definition for Loss Carry Back (Carry Forward):
A tax provision that allows operating losses to be used as a tax shield to reduce taxable income in prior and future years. Losses can be carried backward for up to three years and forward for up to 15 years under current tax codes.
Similar Matches
Carryforwards
Carryforwards Tax losses allowed to be applied to offset future income in some specified number of future years.
Expectations theory of forward exchange rates
Expectations theory of forward exchange rates A theory of foreign exchange rates that states that the expected future spot foreign exchange rate t periods from now equals the current t-period forward exchange rate.
Foreign currency forward contract
Foreign currency forward contract Agreement that obligates its parties to exchange given quantities of currencies at a prespecified exchange rate on a certain future date.