deferred charge

noun
variants: or deferred asset

Definition of deferred charge

: 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

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Learn More About deferred charge

Dictionary Entries Near deferred charge

deferred bond

deferred charge

deferred credit

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Cite this Entry

“Deferred charge.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/deferred%20charge. Accessed 29 Jul. 2021.

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