prepaid expense

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Related to deferral: Tax deferral

Deferred Charge

An asset on a balance sheet that comes about from a business making payment for a good or service it has not yet received, but will in the near future. Prepaid expenses are expensed over time as the goods or services are received. A common example of a prepaid expense is an insurance policy. Another example is a lump sum payment for rent; if a company pays for a year's worth of rent in advance, it is recorded as a deferred charge. A deferred charge is also called a prepaid expense.

prepaid expense

An expenditure for an item that will provide future benefits. For example, a firm may pay an insurance premium only once a year, resulting in an expense that provides benefits throughout a 12-month period. The unexpired part of the premium is carried on the firm's balance sheet as a prepaid expense.
References in periodicals archive ?
The commonest cause of the donor deferral was hepatitis C, the second leading cause was anaemia and the third leading cause was hepatitis B.
However, frequent and unnecessary donor deferral (especially temporary deferment) may lead to loss of potential blood donors.
In a few cases, the lender's position is considered and the borrower is required to get approval from the lender before the deferral is granted.
Students and educational status of undergraduates were the major donor population as they can be easily motivated and also comprise the major group in donor deferral mainly due to underweight and anaemia.
The first requires that the affected employee receive notice of the failure-including the percentage of eligible compensation that should have been deferred and the date deferrals should have begun-within 45 days after correct deferrals start.
KEY WORDS: Blood donor, blood donor deferral causes, donor retrieval
Our organizations strongly support the use of rational, scientifically-based deferral periods that are applied fairly and consistently.
Once you are used to not having the money you don't miss it, so increasing your deferral at the same time you get a raise is the best way to go.
Records of all pre-donation deferrals over a period of two years (1st May 2009 to 31st May 2011) were analyzed to quantify the deferral rate and reasons.
The subsequent deferral election must be made at least 12 months before the originally scheduled payment date;
Accordingly, a subsequent deferral election must be made at least 12 months prior to the first life annuity payment and must delay the payments at least five years from the originally scheduled commencement date of the life annuity.
Under Section 409A, this would be considered a deferral and subject to the new rules.