noun a retroactive law or provision
adjective relating to or affecting things that have happened in the past
In legal contexts, retroactive refers to laws or regulations that apply to past events or actions.
In finance, retroactive can refer to adjustments made to financial statements or transactions that affect previous periods.
In taxation, retroactive changes to tax laws can impact previous tax filings and obligations.
Retroactive changes to software can involve updating previous versions or fixing bugs in older releases.
Retroactive policies are sometimes implemented to address past issues or events.
In the publishing industry, a retroactive clause in a contract may specify that the writer will receive royalties for any sales made before the contract was signed.
In the field of psychology, a retroactive analysis may be conducted to assess the impact of past events on an individual's current mental health.
Accountants may use retroactive accounting to adjust financial statements for events that occurred in previous accounting periods.
Legal professionals may refer to retroactive laws or regulations that apply to actions taken before the law was enacted.
Historians may use a retroactive approach to reinterpret past events in light of new evidence or perspectives.