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Term of the Day
net operating loss carry forwards
net operating loss carry backs
net operating loss deduction
Definition
Tax
filing
claims
whereby a
company
offsets
a current year's pre-tax
loss
against
future
profits
. For example, a loss of $35,000 allows the company to
claim
all or a portion of that loss in one or more future years. Opposite of
net operating loss carry backs
.
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current ratio
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