carry forward
Definition
- Verb:
- To transfer an amount, especially a financial balance, from one accounting period to the next: This is the primary meaning, used in accounting and finance to indicate that a sum (like a profit, loss, or tax allowance) is moved forward to be used in a future period.
- To continue or progress something into the future: In a broader sense, it can mean to advance or continue a plan, tradition, or momentum.
Usage Examples
- Verb:
- The company will carry forward its net operating loss to offset next year's profits.
- We can carry forward any unused vacation days into the next fiscal year.
- The team's positive energy from the last project was carried forward into the new initiative.
Advanced Usage
- "to carry forward a balance": specifically to transfer a remaining amount.
- You are allowed to carry forward a balance of up to $500 in your flexible spending account.
- "to carry forward a legacy": to continue the work or values of a predecessor.
- The new director vowed to carry forward the founder's legacy of innovation.
Variants and Related Words
- Carryover (noun): The amount or thing that is transferred or continues.
- The carryover from last year's budget was significant.
- Carried forward (past participle/adjective): Describes the state of having been transferred.
- The carried forward loss reduced our tax liability.
Synonyms
- Transfer (to move from one place/period to another).
- Roll over (to renew or continue a financial arrangement).
- Continue (to keep going without stopping).
Related Phrasal Verbs
- Carry on: to continue an activity.
- Despite the noise, she carried on with her work. (Note: This is a distinct phrasal verb meaning "to continue," not a direct variant of "carry forward").
- Carry over: This is very close in meaning to "carry forward," often used interchangeably, especially in non-accounting contexts.
- Some rules from the old system will carry over to the new one.
Related Idioms
- Carry the torch forward: To continue the work or ideals of someone else.
- It is our duty to carry the torch forward for environmental conservation.
Verb
-
transfer from one time period to the next
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