Deficit carry-forward or carry-back

{
  "id": "MLC-T-INS-001110",
  "term": "Deficit carry-forward or carry-back",
  "field": "Insurance and risk management",
  "definition": "The transfer of a debit balance or loss from one accounting period of a reinsurance treaty to another, either forward into a later period or back into an earlier one, so that the treaty's result is assessed over more than one period. It is used in long-term treaties, where results are tracked across several accounting periods rather than settled year by year.",
  "url": "https://mlchart.com/terminology/insurance/deficit-carry-forward-or-carry-back/"
}