DEFERRAL Definition

DEFERRAL see DEFERRED.

Learn new Accounting Terms

RESIDUAL VALUE is: a) Realizable value of a fixed asset after deducting costs associated with its sale; b) Scrap value or the value to a junk dealer; or c) The amount remaining after all depreciation has been deducted from the original cost of a depreciable asset.

CONTRACTEE is the person or entity who will receive the goods or services under the provisions of the contract.

Suggest a Term