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Glossary   >   L   >   "Loss Carryforward" Definition            Loss Carryforward An accounting technique with which a company applies net operating losses of the current year to future year"s profits in order to reduce tax liability. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Loss Carryforward - An accounting technique with which a company applies net operating losses of the current year to future year"s profits in order to reduce tax liability.