Topical Terminology > Net Operating Loss (Nol)
1 Definition
Net Operating Loss (Nol)
For Net Operating Loss (Nol) we have a term and definition in Accounting.
Net Operating Loss (Nol) (Accounting) 
is experienced by a business when business deductions exceed business income for the fiscal year. For income tax purposesa net operating loss can be used to offset income in a prior yearor a taxpayer can elect to forego the carry back and carry the net operating loss forward.
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