DEFERRED MAINTENANCE Definition

Bookmark and Share

DEFERRED MAINTENANCE is asset maintenance that was not performed when it should have been or was scheduled to be performed and was delayed until a future period, i.e. in most cases it is a nice way to say that the asset has not been kept up and is depreciating both in value and physically.

Learn new Accounting Terms

RECURRING ENTRY is a scheduled accounting entry that occurs consistently as to date and amount, e.g. a monthly lease payment.

CRITICAL FEW see 80 - 20 RULE.

Suggest a Term

Enter Search Term

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