deferred credit
noun[C]
ukus(alsodeferred income[U]);(alsodeferred revenue[U])ACCOUNTING
moneythat has beenreceivedby abusinessbut has notyetbeenshownin theaccountsasincome, forexample,paymentinadvanceforgoodsthat have notyetbeenprovided:
Agrantaidingthepurchaseof afixedassetcan betreatedeither as adeductionfromcostor as adeferredcredit.