DEFERRED CREDITOR Definition

Bookmark and Share

DEFERRED CREDITOR see DEFERRED INCOME.

Learn new Accounting Terms

BENEFICIARY is a person who benefits from the terms of a trust, pension or provident fund, or other deferred income plan, or an insurance policy. In banking, it is the person in whose favor a letter of credit is issued or a draft is drawn.

CASH PORTION is that percentage of assets consisting of the legal tender of the amounts in question; the balance of which is the non-cash portion; an example, a transaction where a corporation is acquired via a combination of cash and stock.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.