carry forward

Carry forward refers to the process of transferring an item, amount, or concept from one period to the next. In finance, for example, it can involve moving unused tax deductions or credits to future years when they can be applied. This ensures that individuals or businesses can benefit from these financial elements even if they couldn't use them in the current period. In broader contexts, carry forward may refer to any situation where information or resources are preserved and utilized in subsequent instances to maximize value or effectiveness.