The article offers information on the deferred income annuity (DIA). It is defined that a deferred income annuity is a newer type of annuity which is a combination between a single premium immediate annuity (SPIA) and a...
Deferred accounts are plans or accounts that make it possible to accumulate resources in the plans without the need to pay taxes during the period of accumulation. The payment of applicable taxes is deferred or postponed until a later date, usually when the account holder begins to make ...
A deferred profit sharing plan (DPSP) is a Canadian employer-sponsored profit-sharing plan intended to help employees save forretirement. The money in an employee’s DPSP account grows on atax-deferredbasis until it is withdrawn. Key Takeaways A deferred profit sharing plan (DPSP) is an emp...
What Is a Deferred Tax Liability? A deferred tax liability is a listing on a company's balance sheet that records taxes that are owed but are not due to be paid until a future date. The liability is deferred due to a difference in timing between when the tax was accrued and when it ...
A deferred asset represents costs that have occurred, but because of certain circumstances the costs will be reported as expenses at a later time. You might consider a deferred asset to be a prepaid expense that does not qualify to be reported as a current asset. A deferred asset might also...
Definition:Deferred expense, also called a prepaid expense, is a cost that has been incurred but is recorded as an asset until the related goods or services are consumed. In other words, money has been spent on goods or services in the current period, but the goods and services have not ...
Definition of Deferred Expense A deferred expense refers to a cost that has occurred but it will be reported as an expense in one or more future accounting periods. To accomplish this, the deferred expense is reported on the balance sheet as an asset or a contra liability until it is moved...
A deferred annuity provides guaranteed income or a lump-sum payout sometime in the future so your principal has more time to grow tax-deferred.
Deferred rebate refers to a practice in the financial industry where a portion of the commission earned by a broker or intermediary is held back or deferred until certain conditions are met.
What Is a Deferred Interest Bond? A deferred interest bond, also called a deferred coupon bond, is a debt instrument that pays all of its interest that has accrued in the form of a single payment made at a later date rather than in periodic increments. ...