Deferrals
/dɪˈfɜːrəlz/
Definitions
- (n.) Postponements of payments, obligations, or actions recognized in legal or financial contexts.
The company recorded deferrals of revenue to comply with accounting standards.
Forms
- deferral (singular)
Related terms
See also
Commentary
Typically used in financial and contract law contexts to indicate the lawful delay or postponement of an obligation or recognition of revenue.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.