Define: Deferred Income

UK Accounting Glossary

Definition: Deferred Income


Quick Summary of Deferred Income


Revenue, such as a government grant, is received in advance of performing the related activity. The deferred income is held in the balance sheet as a type of liability until performance is achieved and is then released to the income statement.



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Synonyms For Deferred Income


unearned revenue, deferred revenue, deferred credits, legalization, income collected in advance


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Deferred Income. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. February 28, 2020 https://payrollheaven.com/define/deferred-income/.
Chicago Manual of Style (CMS):
Deferred Income. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/deferred-income/ (accessed: February 28, 2020).
American Psychological Association (APA):
Deferred Income. PayrollHeaven.com. Retrieved February 28, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/deferred-income/

Definition Sources


Definitions for Deferred Income are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 23rd December 2018.