Usually means: Offset past losses against profits.
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We found 14 dictionaries that define the word carryback:

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

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