Outrageously Funny Word Dictionary :: Deferrals

👉 In the context of accounting and finance, deferrals are a process in which an entity either anticipates or is expected to defer its obligations until a future date. This can be done by setting up a deferred payment plan (DPP) or a deferred revenue method. A deferred payment plan involves paying off current expenses before they become due. For example, if you owe $500 now and need to pay it off in 6 months, you might choose a DPP where the payment is

deferrals