DEFERRED EXPENDITURE Definition

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DEFERRED EXPENDITURE is an expenditure for which payment has been made or a liability incurred but which is carried forward on the presumption that it will be of benefit over a subsequent period or periods. This is also referred to as deferred revenue expenditure.

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FORM 1120 is the income tax return form used by corporations in the U.S.

MORTGAGE is a conditional conveyance of property as security for the repayment of a loan.

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