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Douglas Harper's Etymology Dictionary
deferral

1895, from defer (v.1) + -al (2).

Wiktionary
deferral

n. 1 An act of deferring, a deferment. 2 An accrual. 3 A prepayment.

WordNet
deferral
  1. n. a state of abeyance or suspended business [syn: recess]

  2. act of putting off to a future time [syn: postponement, deferment]

Wikipedia
Deferral

A Deferral, in accrual accounting, is any account where the asset or liability is not realized until a future date ( accounting period), e.g. annuities, charges, taxes, income, etc. The deferred item may be carried, dependent on type of deferral, as either an asset or liability. See also accrual.

Deferrals are the consequence of the revenue recognition principle which dictates that revenues be recognized in the period in which they occur, and the matching principle which dictates expenses to be recognized in the period in which they are incurred. Deferrals are the result of cash flows occurring before they are allowed to be recognized under accrual accounting. As a result, adjusting entries are required to reconcile a flow of cash (or rarely other non-cash items) with events that have not occurred yet as either liabilities or assets. Because of the similarity between deferrals and their corresponding accruals, they are commonly conflated.

  • Deferred expense: cash has left the company, but the event has not actually occurred yet. Prepaid expenses are the most common type. For instance, a company may purchase a year of insurance. After six months, only half of the insurance will have been 'used' with another six months of the insurance still owed to the company. Thus, the company records half of the payment as an outflow (an expense) and the other half as a receivable from the insurance company (an asset).
  • Deferred revenue: Revenue has come into the company, but the event has still not occurred - it is unearned revenue. A magazine company, for instance, may receive money for a one-year subscription. However, the company has not spent the resources in producing and delivering those magazines and thus accountants record this revenue as a liability equal to the amount of cash received. The magazine company, while now having more cash on hand, also now owes a year of magazines. The amount of each magazine that gets delivered is then taken out of liabilities and recorded as revenue during the economic period in which it actually happens, not just when the company gets paid for it.
Deferral (disambiguation)

Deferral or deferment may refer to:

  • Deferral, in accounting
  • Deferment – postponement of military conscription in the United States, particularly student deferments
  • Student loan deferment – postponement of payment of a student loan
University admissions
  • Deferred – when a student is rejected from the first round ( early decision/ early action) of admissions, but will be considered for the main round ( regular decision)
  • Deferred admission – when a student is accepted in one year (say 1990), but wishes to not enroll in this year, but rather in a future year, often next year (say 1991) – see gap year
Law
  • Deferred disposition
  • Deferred prosecution

Usage examples of "deferral".

From family sources, Dunn produced a $78,000 down payment and agreed to a one-year deferral on starting payments on the balance -- none of which John ever intended to collect.

From family sources, Dunn produced a $78,000 down payment and agreed to a one-year deferral on starting payments on the balance -- none of which John ever intended to collect.

Of course, once she showed, she was immediately fired from her job as dancing slave girl, her obvious condition too blatant a reminder of consequences in a town whose very existence depended upon the deferral of consequences until, that is, your accounts, financial, physical, and emotional, had been thoroughly cleared.

True enough, but that pressure for deferral was known to every member of the Cabinet, and to more than a few newspapermen.

The only issue not resolved on a Blue-File deferral was the business of driving with a DUI-suspended license.

Excess, delirium, anxiety, sublimity, preposterousness, undecidability, the mise en abîme of binary oppositions, the breakdown of representational order: these are all consequences -- or better, hi-tech "special effects" -- of presence itself, and not (as the deconstructionists too simply suppose) of the critique or deferral of presence.

Fortunately, Caroline, who had devoted years to making an unlikely success of the Washington Tribune, was used to drudgery and the deferral of pleasure.

He had been a college professor in the sixties who had grown bored with his work and his deferral, so he had enlisted.

What about the Problems of a President, the Backward Passes of a Footballer, the Deferrals of a Dean, the Odd Volumes of a Librarian, the Footnotes of a Ph.

The communal deferral of illness in straitened times was a phenomenon of which he had heard but never previously witnessed, and every time that he was apprised of an Allied success he had set to worrying about the inevitable flood of maladies that would occur after the liberation.