Deferred Income

Business, Legal & 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.



Synonyms For Deferred Income


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

Cite Term


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https://payrollheaven.com/define/deferred-income/
Modern Language Association (MLA):
Deferred Income. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. July 04, 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: July 04, 2020).
American Psychological Association (APA):
Deferred Income. PayrollHeaven.com. Retrieved July 04, 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)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 7th January, 2020 | 8 Views.