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carry back

v. deduct a loss or an unused credit from taxable income for a prior period

Wikipedia
Carry Back

Carry Back (April 16, 1958 – March 24, 1983) was an American Hall of Fame Thoroughbred racehorse. In a career which lasted from January 1960 through November 1963, he ran sixty-one times and won twenty-one races. As a two-year-old, he ran twenty-one times, emerging as one of the best juveniles in America with a series of important victories late in the season including the Garden State Futurity. At three, he was the best of his generation in the United States, winning several major stakes races including the Kentucky Derby and Preakness Stakes and being unanimously voted U.S. Champion Three-Year-Old Colt

Racing as a four-year-old, Carry Back had disappointing early form but returned to his best with wins in the Metropolitan Handicap, Monmouth Handicap and the Whitney Stakes to establish himself as one of the leaders of an exceptionally strong handicap division headed by Kelso. In October, he became one of the few American champions to race in Europe when he contested the Prix de l'Arc de Triomphe. In the same year, he became the fourth horse, after Citation, Nashua and Round Table, to earn $1M in prize money.

After spending several months at stud, Carry Back returned to racing in 1963, when the highlight of his season was a win in the Trenton Handicap. He then returned to stud where he had limited success as a sire of winners. Trained by the outspoken and unconventional Jack Price, Carry Back's modest beginnings and come-from-behind racing style made him one of the most popular racehorses of his era.

Usage examples of "carry back".

Its port is good, and it is visited by many trading ships from India, which carry back a number of excellent horses, highly esteemed in that country, and sold there at considerable prices.

Her water home is guarded by twelve immortal beings, who return periodically to the land to learn what the Navajos are doing, and to carry back with them any messages which they may send.

And is it for this reason you left your brother, your country, your friends, your family, that you might carry back such improvements as these?

He hoped to carry back with him to his family five francs out of the twelve he had brought with him.

There was only one solution to our problem: no witness must remain to carry back a report to Ay-mad.

Have they been trained merely to rob Mexico and carry back fugitive slaves to their masters?

This drawer I beg of you to carry back with you to Cavendish Square exactly as it stands.

Price walked off at the same time to carry back his neighbor's newspaper.

I dare not risk calling: my voice might carry back to the working party.

Peasants brought in carts, to carry back to their villages whatever was to be found abandoned in the houses or streets of ruined Moscow.

And there is another message you can carry back to your race: we are prepared to live in peaceful coexistence with anyone but we'll annihilate ruthlessly all who attack us.

The people of England must think so when these praters affect to carry back the clergy to that primitive, evangelic poverty which, in the spirit, ought always to exist in them (and in us, too, however we may like it), but in the thing must be varied when the relation of that body to the state is altered-- when manners, when modes of life, when indeed the whole order of human affairs has undergone a total revolution.