NET OPERATING LOSS Definition

Bookmark and Share

NET OPERATING LOSS (NOL) is experienced by a business when business deductions exceed business income for the fiscal year. For income tax purposes, a net operating loss can be used to offset income in a prior year, or a taxpayer can elect to forego the carry back and carry the net operating loss forward.

Learn new Accounting Terms

BOLIVAR (BOLIVARES) is a currency in Venezuela.

ORIGINAL ISSUE DISCOUNT is when a long-term debt instrument is issued at a price that is lower than its stated redemption value; the difference is called Original Issue Discount (OID).

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.