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Definitions from the Web

Retoactive

Part of Speech: Adjective

Definition:

A term used to describe a process that involves changing or modifying a past event, decision, or action.

Sense 1:

Meaning: Pertaining to the alteration of a previous event or action.

Usage:

1. The retoactive amendment to the law allowed individuals to appeal their sentences.
2. He was granted retoactive pay after his employer realized they had underpaid him for several months.
3. The company's retoactive decision to lower prices led to an increase in sales.

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Sense 2:

Meaning: Referring to the act of modifying previous records or documents.

Usage:

1. The retoactive change to the contract invalidated the previously agreed-upon terms.
2. The accountant discovered an error and made a retoactive adjustment to the financial statements.
3. It is important to keep track of changes made in retoactive mode to maintain accurate records.

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• Accounting Software for Retoactive Modifications
• Tools for Effective Retoactive Recordkeeping