ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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DEFERRED Definition
DEFERRED, in accounting, is any account where the asset or liability is not realized until a future date, e.g. annuities, charges, taxes, income, etc. The deferred item may be carried, dependent on type of deferral, as either an asset or liability.
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VAR is an acronym for Value-Added Reseller (usually of technology products) or, in finance, Value at Risk.
VALUE IN USE is the value of an asset in the opinion of the owner.
