Deferred Credit

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deferred credit

See deferred income.

Deferred Credit

Income a firm has received but not yet reported as such. Deferred credit is usually prepayment for a good or service not yet received or done. Deferred credit is not reported when received because a situation may arise in which the revenue must be refunded. For example, if a customer orders 1,000 widgets from a company and prepays, there may be an interruption in the company's supply chain that prevents the widgets from being delivered. If this happens, then the company must refund the prepayment. Therefore, deferred credit is carried forward as a liability until such time as the transaction is complete.

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deferred income

Deferred Revenue

As he's done since he started breaking school hitting records as a sophomore, Moustakas deferred credit to his teammates.

MOUSTAKAS IS HEAD OF STATE IN HRS SENIOR HITS 22ND HOMER, A ... by Daily News (Los Angeles, CA)

92-5, Amortization Period for Net Deferred Credit Card Origination Costs, collectively address self-originations and the related accounting for loan origination costs.

Accounting for environmental liabilities, individual credit card ... by Journal of Accountancy

92-5, Amortizatiotz Period for Net Deferred Credit Card Origination Costs, affects enterprises that issue credit cards (credit cards, debit cards, bank charge cards and other similar cards).

Credit card origination costs, present value of future profits and ... by Volkert, Linda A. / Journal of Accountancy

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