Usually means: Offset past losses against profits.
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We found 16 dictionaries that define the word carryback:

General (7 matching dictionaries)
  1. carryback: Merriam-Webster
  2. carryback: Collins English Dictionary
  3. carryback: Wordnik
  4. carryback: Wiktionary
  5. carryback: Infoplease Dictionary
  6. carryback: Dictionary.com
  7. carryback: Longman Dictionary of Contemporary English

Business (9 matching dictionaries)
  1. carryback: Merriam-Webster Legal Dictionary
  2. carryback: Webster's New World Law Dictionary
  3. carryback: Law.com Dictionary
  4. Everybody's Legal Dictionary (No longer online)
  5. INVESTORWORDS (No longer online)
  6. Glossary of Legal Terms (No longer online)
  7. carryback: Legal dictionary
  8. carryback: Financial dictionary
  9. BusinessDictionary.com (No longer online)

Definitions from Wiktionary (carryback)

noun:  (accounting, taxation) An income tax loss or credit that can be applied to offset previously taxed income or taxes paid, respectively.

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