👉 Undefer, also known as "unrefunded," is a term used in accounting and finance to describe a situation where an expense or a payment has not been fully accounted for by the company. This means that it has been paid out of the company's budget but has not yet been recorded as a credit on the financial statements. For example, if a company pays $100 to a contractor for a project they have completed, this is an undefer because the payment has not
