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Glossary > L > "Loss Carryback" Definition

Loss Carryback

An accounting technique with which a company applies net operating losses to a preceding year"s income in order to reduce retroactively tax liabilities present in that previous year.

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Loss Carryback - An accounting technique with which a company applies net operating losses to a preceding year"s income in order to reduce retroactively tax liabilities present in that previous year.

Loss Carryback : an accounting technique with which a company applies net operating losses to a preceding year"s income in order to reduce retroactively tax liabilities present in that previous year.