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 payment agreement is an arrangement with your council that lets you use your home's value to cover care home costs. It lets you delay paying those costs until later, so you don't have to sell your home right away.
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.
Examples of Deferred Payments Student Loans: Borrowers can get a deferred payment facility on student loans until graduation or for a predetermined amount of time. Car Loans: Some lenders allow you to postpone your initial payments on car loans.
A deferred prosecution agreement, or “DPA,” is a mechanism for resolving a case against a company that is, essentially, an unofficial form of probation. Although usually used to resolve a criminal case, civil enforcement agencies like the SEC have begun to use them as well.
The Defense Production Act (DPA) is a U.S. law that grants the President powers to ensure the nation's defense by expanding and expediting the supply of materials and services from the domestic industrial base.
Under a deferred prosecution agreement, the Crown prosecutor can agree to defer bringing a prosecution for the alleged offences if the organization takes steps to improve its conduct, makes restitution, and implements internal controls to avoid a repetition of the conduct.
DPAs - Disadvantages A DPA can be extremely demanding as the court can impose enforceable undertakings, which would not be the case on conviction following trial. Companies who accept a DPA may therefore be subject to more scrutiny of their corporate governance than those who do not cooperate.
Deferred prosecution agreements (DPAs) can be an attractive alternative to prosecution for a company that is being investigated for corporate crime.