Meaning of the word "carry forward" in English

What does "carry forward" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

carry forward

US /ˈkæri ˈfɔːrwərd/
UK /ˈkæri ˈfɔːwəd/
"carry forward" picture

Phrasal Verb

1.

to transfer an amount from one page or column to another, or from one accounting period to the next

Example:
•
We need to carry forward the balance to the next quarter's report.
•
The losses from last year will be carried forward to offset future profits.
2.

to continue to develop or make progress with something

Example:
•
We need to carry forward the momentum from our last successful project.
•
The team decided to carry forward the discussion to the next meeting.