What does carry forward mean?

Looking for the meaning or definition of the word carry forward? Here's what it means.

Verb (idiomatic, accounting, of a balance) To transfer to a new page, column, ledger, or similar entity. To apply to the taxable income of following years, thereby easing the overall tax burden; carry over. Find more words! 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The Commission therefore concludes that measure on loss carry forward is not compatible with the common market. The abiding memory I will carry forward from 2003 is of the Special Olympics. The first person to really carry forward his ideas was Philippe de la Hire. That's the element that I thought was intriguing and wanted to carry forward. May his musical children carry forward this message with the same graceful creativity. See Also What is another word for carry forward? What is the opposite of carry forward? Sentences with the word carry forward Words that rhyme with carry forward What is the past tense of carry forward? Nearby Definitions carryforward carryed carrycots carrycot carry coals to Newcastle carrybacks carryforwards carryin' carrying carrying a torch for carrying away carrying basket