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LSDefine

Simple English definitions for legal terms

deferred credit

Read a random definition: past consideration

A quick definition of deferred credit:

Deferred credit refers to a type of credit that is not immediately recognized as income or revenue. Instead, it is spread out over a period of time, usually in later accounting periods. This can include things like premiums on bonds or other financial instruments. Essentially, it means that the money owed is not paid all at once, but rather in installments over time.

A more thorough explanation:

Definition: Deferred credit refers to a credit that is not immediately recognized as income or revenue, but is spread over later accounting periods. This means that the credit is earned now, but the payment or recognition of the credit is delayed until a later time.

Example: A common example of deferred credit is a premium on an issued bond. When a company issues a bond, it may receive a premium payment from the bond purchaser. However, this premium is not recognized as income immediately, but is spread over the life of the bond. For example, if a company issues a 10-year bond with a $1,000 premium payment, it would recognize $100 of income each year for the next 10 years.

Another example: A company may also receive payment for goods or services that will be delivered or performed in the future. This payment is considered a deferred credit because the company has not yet earned the revenue, but will do so in the future when the goods or services are delivered or performed.

These examples illustrate how deferred credit works. It is important for companies to properly account for deferred credits in order to accurately reflect their financial position and performance.

deferred claim | deferred dividend

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babycat
11:24
@BulbasaurNoLikeCardio: no booboo I’m just trying to increase flexibility a little. I feel like if u develop too much muscle on ur legs and don’t stretch they get tight
JumpySubsequentDolphin
11:26
my hips are so tight its acc miserable
BulbasaurNoLikeCardio
11:26
@babycat: got to keep those legs flexible so you don't pull anything, I need to get back into yoga to release and stretch out tension in my muscles. Stretching is where I fail the most with fitness
11:26
This song came out today and I think I legit have listened to it like 50
11:26
Times already
1a2b3c4d26z
11:26
Need to stretch more
1a2b3c4d26z
11:27
Run this morning felt like legs were made of goop
glovediedthisishismom
11:27
a secret home remedy for chapped lips is to lick them. your saliva will moisten the lips and relieve the chapping
1a2b3c4d26z
11:27
Sometimes I think I write like rorschach from watchmen
11:28
@glovediedthisishismom: just bite your lip,. gives good brain feel when peelin the dry skin
babycat
11:28
yeah it’s insane how much better hip flexor stretches can make you feel sometimes
11:28
Probably the most important long term mobility thing you can do
1a2b3c4d26z
11:28
Pigeon stretch GOAT
1a2b3c4d26z
11:29
Stretching was probably the biggest factor in becoming elite in my sport tbh
1a2b3c4d26z
11:29
well mobility in general
m10
11:29
Nah you wanna be wound up tight like a clock. All your parts working in synchronization, never missing a second.
BulbasaurNoLikeCardio
11:30
When I get home I think I will pull up a youtube yoga video and lay out the mat by the fireplace now, feeling guilty I haven't been stretching properly
1a2b3c4d26z
11:30
tighter you are, more potential energy you have. Your body is a spring. It's just physics
m10
11:30
Exactly.
JumpySubsequentDolphin
11:30
yoga classes stress me out
WorthlessAttractiveZombie
11:31
W&L put their scholarship info on the portal for those who were admitted 11/12
m10
11:31
Gotta always be ready to release that energy. Like if I am in a fight at the bar, I just gotta bust out a couple punches. No stretching.
JumpySubsequentDolphin
11:31
the instructor will be like "forget all of the things that youre stressing about" which reminds me of all of the things im stressing about
BulbasaurNoLikeCardio
11:32
I am too competitive to do yoga classes with other people. Try to stretch better or further then hurt myself lmao I am beyond competitive in anything physical.
babycat
11:32
if you guys all pay me to be your lsat tutor I can afford to do Pilates classes
JumpySubsequentDolphin
11:32
hot yoga was fun
JumpySubsequentDolphin
11:32
i loved barre and pilates when i did them together
m10
11:33
Here's an article from Testosterone nation for all you men out there on why stretching is bullshit. https://archive.t-nation.com/training/stretching-is-b-s/
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