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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The key issue is the deferred liabilities accumulated during the 70 years of the nuclear industry, particularly during the time of the Soviet Union," Kirienko said.
The banks have, therefore, been compelled to formulate and put aside reserves whether they have gained profits or have sustained losses in order to be able to face definite deficit in assets or in reserves for write-offs, as well as any possible deficit in reserves set aside for doubtful loans or reserves set aside for deferred liabilities.
Deferred tax expense is an income statement term used to refer to the difference between the deferred tax assets and liabilities between the beginning and end of an accounting period when the deferred liabilities are greater than the deferred assets, or when there is a net decrease in deferred tax assets.
If President Clinton's proposal is enacted, companies with deferred liabilities on their books at 34% will have to write them up to reflect a 36% rate.
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.
47) Long-Term Debts & Deferred Liabilities 12059.
the wholly-owned operating subsidiary, have agreed to forego any accrued management and directors fees totalling $215,198 that are deferred liabilities owed by the Company once $200,000 of the line has been advanced.
Senior management and the directors have agreed to forgo these management and directors fees that are deferred liabilities owed by the Company once $200,000 of a previously announced line of credit has been advanced.
have agreed to forgo any accrued management and directors fees that are deferred liabilities owed by the Company once $200,000 of the line has been advanced.
These two adjustments will result in the recognition of additional expense and related deferred liabilities.
Due to our under-funded pension position, we increased our deferred liabilities and decreased equity by approximately $26.