GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

How often this word is used
 
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76% - Very Often

Net Operating Loss


Synonyms:net loss, operating loss
Acronyms &
abbreviations:
NOL
Filed Under: financial-banking, investments, taxation
Tags: accounting, taxes
 

Definition of net operating loss (NOL)

net operating loss (NOL)
1. A net loss for the tax year attributable to business or casualty losses. Taxpayers may use an excess loss of one year as a deduction for certain past or future years.

Related Terms and Acronyms:

  • gross profit margin   The difference between the sales your business generates and the costs you pay out for goods.
  • loss   When expenses are larger than revenues.
  • net operating loss carryover (NOLCO)
  • net operating loss deduction (NOLD)
  • operating cash flow (OCF)   The money a company generates from its business operations. This revenue excludes costs from certain investments.
  • operating loan   A loan intended for short-term financing, supplying cash flow support or to cover day-to-day operating expenses.
  • operational expenses (OpEx)   Costs accruing from a business's business operations.
  • profit   When revenues exceed expenses.
  • solvency   To be able to meet one's financial liabilities in the short or long term.

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