Definitions

1. noun

A sum or amount that remains or is added to a total at the end of an accounting period.

“The company’s profits included a significant carryover from last year’s tax credits.”

2. noun

A player or team that remains in a competition after others have been eliminated.

“The carryover from the previous round was a major factor in the tournament’s unpredictability.”

3. verb

To continue or persist beyond a specified time or limit.

“The company’s financial struggles would carry over into the next quarter if they didn’t make some changes.”

4. verb

To pass or be transferred from one accounting period to another.

“The accounting team had to carefully carry over the expenses from the previous year’s budget.”