deferred expense

A cost incurred by a business when the business expects to benefit from that cost over a period beyond the current year.

• An example is a prepaid subscription to a business periodical the cost of which will be recognized as an expense over a multiyear subscription period. [Cases: Internal Revenue 3372.]


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译者晓琳,法学硕士(国际争议解决方向),擅长翻译各种与复杂跨境争议相关的法律文件。
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