deferral
Noun
The postponement of the recognition of revenue (i.e., cash has been received but revenue has not yet been earned) or the postponement of the recognition of an expense resulting from an advance payment received or made, respectively.
The postponement of the recognition of revenue (i.e., cash has been received but revenue has not yet been earned) or the postponement of the recognition of an expense resulting from an advance payment received or made, respectively.