net operating loss
A term to know.
Within the context of business, a taxable year where tax deductions exceed taxable income, resulting in a net loss. These losses may be carried back to prior years in which taxes were paid, and carried forward to future years in which the business has taxable income.
Synonyms:
NOL, NOLs, net operating losses
Synonyms list
(a comma-separated list)
NOL, NOLs, net operating losses