net operating loss
net operating loss see loss

Merriam-Webster’s Dictionary of Law. . 1996.

net operating loss
n.
The loss resulting when the expenses involved in operating a business are greater than the revenues it generates.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


net operating loss
(NOL)
An annual net loss from a business operation. An NOL may be used to offset the income of unincorporated business owners from other sources of income in the year of the loss. An NOL may also be carried back two years to reduce tax liabilities or secure refunds of taxes. (See also: carryover)
Category: Business, LLCs & Corporations → Business Accounting, Bookkeeping & Finances
Category: Business Cash Flow Problems & Bankruptcy
Category: Business, LLCs & Corporations → Business Tax & Deductions
Category: Personal Finance & Retirement → Taxes → Tax Audits

Nolo’s Plain-English Law Dictionary. . 2009.


net operating loss
n. The amount by which operating expenses exceed revenues.

Webster's New World Law Dictionary. . 2000.

Look at other dictionaries:

  • net operating loss — (= NOL) (see tax loss carry forward) (Common Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 …   Glossary of Bankruptcy

  • net operating loss — The excess of operating expenses over revenues. Items such as interest expenses and dividends are not considered ordinary business expenses, and, therefore are excluded in calculating the net operating loss. I.R.C. No. 172(c) …   Black's law dictionary

  • net operating loss — The excess of operating expenses over revenues. Items such as interest expenses and dividends are not considered ordinary business expenses, and, therefore are excluded in calculating the net operating loss. I.R.C. No. 172(c) …   Black's law dictionary

  • Net operating loss — Under U.S. Federal income tax law, a net operating loss (NOL) occurs when certain tax deductible expenses exceed taxable revenues for a taxable year.[1] If a taxpayer is taxed during profitable periods without receiving any tax relief (e.g. a… …   Wikipedia

  • net operating loss — A tax law term for the excess of deductions, subject to certain statutory modifications, over the gross income. Mesaba Cliffs Mining Co. v Commissioner (CA6) 177 F2d 201 …   Ballentine's law dictionary

  • net operating loss carryforwards — (NOL carryforwards) USA net operating losses (NOLs) can generally be carried back two years and carried forward up to 20 years to offset taxable income (IRC § 172). A taxpayer can make an election to waive the carryback period and use …   Law dictionary

  • Net Operating Loss - NOL — A period in which a company s allowable tax deductions are greater than its taxable income, resulting in a negative taxable income. This generally occurs when a company has incurred more expenses than revenues during the period. The net operating …   Investment dictionary

  • net operating loss carry over — A net operating loss sustained in one year used to reduce the taxable income of another year. IRC § 832(c)(10) …   Ballentine's law dictionary

  • net operating loss carrybacks — The application of losses to offset earnings in previous years. Bloomberg Financial Dictionary …   Financial and business terms

  • net operating loss carryforwards — Application of losses to offset earnings in future years. Bloomberg Financial Dictionary …   Financial and business terms

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