Deferred DUI prosecution is an alternative to jail time for those caught driving under the influence. It involves probation and meeting court-set requirements, such as alcohol classes and an ignition interlock device. Violating the terms can result in typical penalties. It’s an option for those charged with DUI, usually involving probation and alcohol training. Some […]
Deferred adjudication is a plea agreement in US law that allows some defendants to avoid conviction in exchange for a plea and probation. Not all states allow it, and the terms vary. It is usually offered to first-time offenders of minor crimes. Defendants must plead guilty or uncontested, and records may become public. It can […]
Deferred payment is an agreement where a debt can be paid in the future, commonly used as a sales tool. Companies use a qualification process and may charge interest if payments are not made on time. An example is a six-month deferred payment plan with no interest for the first six months. A deferred payment […]
A deferred sentence allows for a probationary period before imposing a sentence. The defendant must plead guilty and meet certain conditions during probation. If successful, the guilty plea may be rejected, and the defendant may avoid a conviction. Violating probation may result in serving the full sentence. A deferred sentence is a sentence issued by […]
Deferred compensation is an agreement between an employer and employee to pay at a later date. It is recorded as an adjustment to temporary accounts using accrued expense techniques, recognizing the expense as a liability for the current accounting period. The US IRS requires regular payroll tax codes when accounting for deferred compensation. Deferred compensation […]
Deferred payment strategies allow borrowers to postpone repayment of loans, giving them time to improve financial conditions without defaulting. However, interest payments continue to accrue, and borrowers may be subject to additional fees. Deferred payment options are available for college loans, home improvement loans, and international trade. Debt obligations cannot always be addressed when it […]
Deferred tax liability is the amount of taxes owed but not yet paid, often due to differences in accounting and tax valuation. It allows companies to estimate future tax payments and avoid unexpected bills. Failure to properly account for this liability can lead to financial and tax problems. Deferred tax liability is the liability for […]
Deferring a pension can increase retirement benefits, but may delay retirement. Pension benefits are based on years of service, contributions, and compensation. Deferred pensions can be received as a lump sum or annuity payments, with potential financial benefits for both options. Employers can also defer pension contributions, but this may have consequences for the pension’s […]
Deferred compensation is an agreement between an employer and employee where a portion of earnings is withheld for payment at a future time, often used as a retirement savings plan. It has tax advantages and can include stock options as non-monetary compensation. Deferred compensation is an agreement between an employer and an employee in which […]
Deferred liability is a debt that is not paid immediately but is due in the future, including deferred tax liability. It is recorded in accounting books to provide a complete financial picture and allows for sustainable debt repayment. Deferred liability refers to a debt that is incurred and that a person or entity does not […]
Deferred accounting is used to allocate expenses or income to a future date, often for tax benefits. Deferred revenue accounting records revenue as a liability that will become an asset in the future. Tax-deferred accounting is used when there is a difference between the value of an asset on a balance sheet and its value […]
Deferred shares are issued to key individuals in a company, but cannot be redeemed while employed. They offer larger dividends, but cannot be participated in once employment is terminated. In liquidation or bankruptcy, obligations are fulfilled before shareholders receive compensation. This strategy is not commonly used today. Deferred shares are a form of shares that […]
