deferred credit

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 credit

References in periodicals archive ?
Before New Standards: Reported as deferred charges (assets) or deferred credit (liabilities).
90 days credit for the supply of aircraft spares worth USD 40m/annum would be ensured while 90 days deferred credit facility up to US$ 700m/annum for spare, repair & inventory sales management would be availed.
And in typical Rodino fashion, she deferred credit to her teammates, who delivered the clutch hits and timely defensive plays that kept alive Hart's bid for a second Div.
Mazda, together with PRIMUS, has been taking initiatives such as the 'Mazda Advantage Loan' deferred credit plan, which was launched in July 2007.
The majority of estate agencies are offering a deferred credit arrangement with payment for the HIP being made on completion of the property sale.
Fruit/vegetable cooperatives were the only commodity group that saw other liabilities and deferred credit decline.
Unsecured debts include credit cards, store cards, deferred credit agreements and ordinary personal loans.
10 months interest free credit plus 6 months deferred credit.
APBO 16 recognized a deferred credit for the amount of negative goodwill and amortized that deferred credit in future periods.
92-5, Amortization Period for Net Deferred Credit Card Origination Costs, collectively address self-originations and the related accounting for loan origination costs.
Always clear deferred credit deals during the interest-free period - otherwise you'll be charged interest right back to the day the purchase was made.
Fueling the credit delinquencies were several factors, the company said, including a conversion from closed-end installment to a revolving credit system, aggressive deferred credit offerings for newer customers, and higher gas prices and interest rates.