deferred charge
noun
variants
or deferred asset
: an expense (as a prepaid insurance premium or an inventory of supplies) that is incurred prior to the fiscal period to which it applies, temporarily carried on the books as an asset, and subsequently charged to expense at the appropriate time
called also prepaid expense
Dictionary Entries Near deferred charge
Cite this Entry
“Deferred charge.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/deferred%20charge. Accessed 22 Nov. 2024.
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