This weekend I visited my family back in Cincinnati and got to meet my Dadâs new iPad for the first time. I donât have enough money for this fancy technology so Iâve never really used an iPad before.
Deferred Annuities. A deferred annuity grows tax deferred until the contract is annuitized (put into a payment stream) or surrendered (paid out as a lump sum). This type of annuity is a vehicle for accumulating savings for a future goal, such as retirement, and eventually distributing the value.
Deferred revenue is a liability account found on the company's balance sheet. The balance represents advance payments received from customers for products that will be shipped or services that will be performed in the future.t the end of September, the balance in the deferred revenue account will be $5,500, the total advance payment for the contract minus the services provided in the first month that are now recognized in revenue.