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RETROACTIVE definition: 1. If a law or decision, etc. is retroactive, it has effect from a date before it was approved: 2…. Learn more.
The meaning of RETROACTIVE is extending in scope or effect to a prior time or to conditions that existed or originated in the past; especially : made effective as of a date prior to enactment, promulgation, or imposition. How to use retroactive in a sentence.
The adjective retroactive refers to something happening now that affects the past. For example, a retroactive tax is one that is passed at one time, but payable back to a time before the tax was passed.
if a law, decision, etc. is retroactive, it has effect from a date in the past before it was approved: The changes will not be retroactive. The Justice Department had opposed the retroactive application of the guidelines. retroactive to sth The proposed pay raises are retroactive to July 1.
Disclosure must be provided of any retroactive change to prior period financial statements, including the effect of any such change on income and income per share. A retroactive transaction applies a change to previous accounting periods.
Retroactive definition: operative with respect to past occurrences, as a statute; retrospective. See examples of RETROACTIVE used in a sentence.
Definition of retroactive adjective in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
