Usually means: Unused losses applied to future taxes.
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We found 11 dictionaries that define the word carryforward:

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

Business (4 matching dictionaries)
  1. carryforward: Merriam-Webster Legal Dictionary
  2. carryforward: Webster's New World Law Dictionary
  3. INVESTORWORDS (No longer online)
  4. Carryforward: Financial dictionary

Definitions from Wiktionary (carryforward)

noun:  (accounting, taxation) An income tax loss or credit not usable in the current year that can be applied to offset income or taxes paid, respectively, in subsequent tax years.

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