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deferred income
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deferred income


Positive cash flow was assisted by significant deferred income.
  money that has already been collected for goods or services that will be provided in the future
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Notes:
More rarely, you will see deferred income refer to income earned by an individual, but not collected until a later date; as in:  "The coaches package includes $250,000 in annual deferred salary."

More accounting detail on the usual sense of the term:  Generally, income debits cash and credits income, but since this is cash not yet earned, the debit is offset by a credit to a current liability.
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Samples:
  • Positive cash flow was assisted by significant deferred income.
  • a congressional provision intended to offer taxpayers breaks on deferred income
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Associated words [difficulty]:   deferred income , defer [4] , earned income [9]
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Most commonly used in these subjects:   Business, Personal Finance, Law
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