TAX LOSS CARRY FORWARD/BACKWARD Definition

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TAX LOSS CARRY FORWARD/BACKWARD is a tax benefit that lets a company or individual to deduct losses in order to reduce a tax liability.

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ANNUITY, in finance, is a series of fixed payments, usually over a fixed number of years; or for the lifetime of a person, in which case it would be called a life-contingent annuity or simply life annuity.

USAGE VARIANCE is the difference between the budgeted quantity of materials and the actual quantity used.

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