UK Accounting Glossary
An asset whose benefit is delayed beyond the period expected for a current asset, but which does not meet the definition of a fixed asset.
Deferred Asset means any Transferred Asset that is not purchased and sold at the Initial Closing.
To the extent that any Deferred Asset can’t be conveyed without the Consent or Governmental Approval of any Person which Consent or Governmental Approval has not been obtained prior to the Separation Time, this Agreement will not constitute an agreement to Convey the same if an attempted Conveyance would constitute a breach thereof or violate any Law.
The deferred asset was especially beneficial as our balance sheet appreciated the asset’s inclusion in spite of other tax burdening assets.
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This glossary post was last updated: 23rd December 2018.