A deferred payment is one that is delayed, either completely or in part, in order to give the person or business making the payment more time to meet their financial obligations. In accounting terms, any merchant allowing customers to set up a deferred payment agreement will be dealing with accrued revenue.
A deferral agreement is a legally binding document between parties that agree to postpone a specific action or obligation to a later date.
A deferred prosecution is an agreement between someone who is charged with a crime and the State Attorney's Office. This agreement will require that within a specified period of time, the person charged with a crime will complete all requirements in the agreement.
The act of deferring or putting something off until later; postponement: If you are unable to take the exam, you can request a deferral of your registration fees to the next exam date.
Here are some examples of deferrals: Insurance premiums. Subscription based services (newspapers, magazines, television programming, etc.) Prepaid rent.
Deferred Contract means the Executory Contracts (and for the avoidance of doubt, not Unexpired Leases) identified in the Plan Supplement as Deferred Contracts.
A deferred payment is one that is delayed, either completely or in part, in order to give the person or business making the payment more time to meet their financial obligations. In accounting terms, any merchant allowing customers to set up a deferred payment agreement will be dealing with accrued revenue.
The creation of a valid contract in Florida generally requires: (a) an offer; (b) the acceptance of the offer; (3) consideration i.e., a bargained-for exchange; (4) reasonably certain terms of the agreement; and (5) capacity of each party to enter into a contract.