Meaning of “deferred liability” in the English Dictionary

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"deferred liability" in Business English

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deferred liabilitynoun [ C ]

uk us

ACCOUNTING an amount included in a company's accounts for money that it owes, but that it will only pay back at a future date:

At the end of the life of the lease, the deferred liability will be zero.

(Definition of “deferred liability” from the Cambridge Business English Dictionary © Cambridge University Press)