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Simple English definitions for legal terms

deferred expense

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A quick definition of deferred expense:

A deferred expense is a cost that a business incurs but expects to benefit from over a period of time beyond the current year. An example of a deferred expense is a prepaid subscription to a business periodical, where the cost will be recognized as an expense over a multiyear subscription period. It is different from an accrued expense, which is an expense incurred but not yet paid. A deferred expense is not immediately deductible, but it can be used for depreciation or amortization.

A more thorough explanation:

A deferred expense is a cost incurred by a business that will benefit the business over a period beyond the current year. This means that the expense is paid for now, but the benefit will be received in the future. An example of a deferred expense is a prepaid subscription to a business periodical, where the cost will be recognized as an expense over a multiyear subscription period.

Another example of a deferred expense is when a company pays for a long-term asset, such as a building or equipment, that will provide benefits for many years. The cost of the asset is not recognized as an expense in the year it is purchased, but is instead recognized over the useful life of the asset through depreciation or amortization.

Overall, a deferred expense is an expense that is paid for now, but the benefit will be received in the future.

deferred-dividend insurance policy | deferred income

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babycat
17:29
@1a2b3c4d26z: they hate us cuz they ain’t us
1a2b3c4d26z
17:30
Yea, if you want to actually talk about law school admissions go to off topic
1a2b3c4d26z
17:30
Obviously
17:31
duh
HopefullyInLawSchool
17:32
Should I go to Kansas law? they have good rankings, they pay for out of state bar prep, and their mascot is a hawk too
17:33
do they let you achieve your career goals?
17:33
on a timeline you fucks wit
babycat
17:33
I don’t get why people are always trying to talk about law schools on this website for people who like to make little jokes and be silly
sup baby @1a
1a2b3c4d26z
17:33
yoooo
what up pimp
any as?
1a2b3c4d26z
17:33
playin some clash royale at my desk
litty
how many trophies
1a2b3c4d26z
17:34
not yet :(
itll come in dues time
1a2b3c4d26z
17:34
Stuck at just over 7000
we are due for berk
goated
1a2b3c4d26z
17:34
We are due
17:34
@babycat: is the LSD
1a2b3c4d26z
17:34
It's a law of statistics
do we get a wave tmr
1a2b3c4d26z
17:34
yea
1a2b3c4d26z
17:34
just me u and egg tho
hell yeah
did you apply to gulc daddy
1a2b3c4d26z
17:34
yessur
lfg
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