1) Like a one in addition, often 
n. in taxation accounting, using a tax year's deductions, business losses or credits to apply to the following year's tax return to reduce the tax liability.
the damaging condition where water droplets are carried out of the boiler along with the dry steam. These can cause scouring in turbines or hydraulic lock in cylinders. The risk is accentuated by dirty feedwater.
If the deductible was paid last year, the next year (or quarter, Jan., Feb. and March) they do not have to pay the deductible again.
(n) Carryover is the practice by which the loss occurred, expenses incurred or permissible deductions available in a particular year is carry forward to setoff them against the future profit so as to reduce the tax burden when the entity start making taxable profit.
The supply of a farm commodity not yet used at the end of a marketing year and carried over into the
A method by which deductions and credits for one tax year that could not be used to reduce tax liability in that year are applied against tax liability in subsequent years. (See also: carryback)