carrybackn.adj.
/ˈkarɪbak/, U.S. /ˈkɛriˌbæk/ A. n.
1. The backswing of a golf club, tennis racket, etc., before hitting a ball. rare.
ΘΚΠ
the world > movement > motion in a certain direction > backward movement > [noun] > swing
back-swing1577
carryback1905
society > leisure > sport > types of sport or game > ball game > [noun] > manner of playing ball
bata1400
back-swing1577
banding1589
stroke1662
stop1773
swipe1788
hit1810
straik1820
screwing1825
return1833
volleying1837
return stroke1838
volley1851
swiper1853
shot1868
handling1870
screw kick1870
mishit1882
smash1882
misfield1886
fumble1895
run-up1897
mishitting1900
balloon1904
carryback1905
placement1909
tonk1922
trick shot1924
retrieve1952
sizzler1960
undercut1960
shotmaking1969
1905 ‘Old Player’ Golf & how to play It i. 25 They frequently try to regulate the distance the ball has to go, not by the length of the carry back of the club, but by its rate of going fast or slow.
1935 N.Y. Times 14 July (Sports section) s3/8 Beasley has full faith in the soundness of the drive, which..involves the principle of the delayed swing in the carry-back of the racquet.
2. Bookkeeping and Accounting. An allowance, balance, etc., that is or has been transferred to a previous tax period; spec. a loss during one tax year used to reduce taxable income in a prior year, thereby resulting in a refund of taxes already paid. Also: the transfer of an allowance, loss, etc., in this way. Cf. to carry back 2 at carry v. Phrasal verbs.Cf. also carryforward n., carryover n. 1.
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society > trade and finance > management of money > keeping accounts > account or statement of > [noun] > account book > difference between sides > specific
foot1433
fault1665
rest1670
balance (in hand)1771
account balance1789
carryover1873
carryforward1894
overrun1899
carryback1941
1941 Polit. Sci. Q. 56 240 A carry-back would often necessitate refunds.
1944 Athens (Ohio) Messenger 13 Apr. 4/2 The system of carrybacks and carryovers couldn't have been made much more complicated if the lawmakers had tried.
1958 Daily Republic (Mitchell, S. Dakota) 20 Feb. (Final ed.) 4/3 If the steel operators lose money this year, they can always go back to the Treasury on a tax-loss carry-back and take a good healthy part of the loss out of Uncle Sam.
2009 New Straits Times (Malaysia) (Nexis) 16 Mar. 6 The government has introduced provisions for carryback of tax losses to improve business cashflow.
3. U.S. Finance. An arrangement for financing a property purchase, in which the seller acts as a lender for the buyer, typically by taking on a second mortgage on the property, which the buyer then repays directly to the seller.
ΚΠ
1959 J. R. Parrish Let. 23 Sept. in Second Mortgages & Other Financing Devices: Staff Rep. Subcomm. Housing (1960) (U.S. House of Representatives: 86th Congr., 2nd Sess.) 65 Secondary borrowing arrangements consist of second mortgage loans, unsecured notes, locally called carrybacks, and installment contracts (i.e., land sale agreements).
1973 Real Estate Appraiser Nov.–Dec. 35 An equity sold for $150,000 based on a seller carryback of $700,000 at 6 percent.
2010 Chicago Daily Herald (Nexis) 27 Aug. (Real Estate section) 5 Today's soft housing market and tighter underwriting restrictions imposed by traditional banks are prompting more homeowners to offer carrybacks..as part of their effort to make a quick sale.
B. adj. In attributive use.
1. Bookkeeping and Accounting. Of, relating to, or involving an allowance, balance, etc., that is or has been transferred to a previous tax period, or transfers of this type; spec. of, relating to, or involving a loss during one tax year used to reduce taxable income in a prior year, thereby resulting in a refund of taxes already paid. Cf. sense A. 2.
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1935 Harvard Law Rev. 49 285 A ‘carry back’ privilege would probably not be practicable from the administrative standpoint.
1943 Salt Lake Tribune 30 Dec. 15/1 Even a small increase..would make operative the carryback provision of section 710 of the revenue act of 1942.
1958 Hutchinson (Kansas) News 13 Aug. 1/9 Extension from two to three years of the carry-back period for businesses to apply current losses to previously earned profits.
2009 Weekend Austral. (Nexis) 16 May (Finance section) 31 [The group]..was also firmly focused on the tax arrangements of business and the need for carryback rules to ease the financial burden.
2. U.S. Finance. Of, relating to, or involving an arrangement for financing a property purchase, in which the seller acts as a lender for the buyer, typically by taking on a second mortgage on the property, which the buyer then repays directly to the seller. Cf. sense A. 3.
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1959 J. R. Parrish Let. 23 Sept. in Second Mortgages & Other Financing Devices: Staff Rep. Subcomm. Housing (1960) (U.S. House of Representatives: 86th Congr., 2nd Sess.) 65 In this category, a second mortgage or installment contract is very seldom used, but a carryback note is involved, in our opinion, in at least 40 percent of conventional financing.
1995 Gazette (Cedar Rapids, Iowa) 16 Apr. 7 e/7 As for preventing your buyer from paying off your carryback mortgage early, the laws of each state are different.
2004 Jrnl. Affordable Housing & Community Devel. Laws 13 490 If the sale is financed with a carryback note, the special interest rate rules for certain nonprofit loans may apply.
2013 Wall St. Jrnl. 12 July m4/3 Mr. Danley has closed five seller-financed loans, also called carry-back loans, in the past nine months..including one for a $3 million home.
This entry has been updated (OED Third Edition, June 2021; most recently modified version published online December 2021).
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n.adj.1905