deferred income taxes


An accounting technique used to keep track of differences between total recorded income and total income for tax purposes. Deferred income tax liabilities estimate future taxes that will be assessed on current earnings. Deferred income tax assets reflect future income tax reductions on current earnings.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
deferred group annuity deferred interest