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LSDefine

Simple English definitions for legal terms

deferred credit

Read a random definition: condemnor

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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ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
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