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Deferred Liability
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Deferred Liability
1. Money that a company receives from a customer as prepayment for some good or service. A deferred liability is listed on a balance sheet as a liability until the good or service is delivered. This is because the company would have to return the money if it does not keep its end of the bargain as promised. A deferred liability is also called a deferred credit or deferred revenue.

2. See: Past-Due Payment.

deferred liability
A liability that usually would have been paid but is now past due.


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47) Long-Term Debts & Deferred Liabilities 12059.
While the deferred liability will reverse itself for each lease in later years, for a company such as an aggressive retailer opening many more stores with similar long-term leases, the new leases combined are contributing to an overall increase in deferred liabilities and GAAP lease expense.
These two adjustments will result in the recognition of additional expense and related deferred liabilities.
 
 
 
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