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Deferred account |
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Deferred accountA type of account that delays taxes on that account until some later date.Deferred account Similar MatchesDeferred interest mortgageDeferred interest mortgageInterest is not paid during the deferral period. When the period is over, the accumulated interest is added to the original loan. Some lenders add this interest to the total of your loan to give a new loan figure and new interest payments. Others calculate your interest payments on the original loan as normal and then spread the repayment of the deferred interest over a set period of time. The latter method is better for you, as adding the deferred interest to the loan means you end up paying interest on the deferred interest! Deferred chargeDeferred chargeAn expenditure treated as an asset that carries forward until it becomes pertinent to the business at hand, e.g., advance rent payment. Tax deferred incomeTax deferred incomeDividends, interest, and unrealized capital gains on investments in an account such as a qualified retirement plan, where income is not subject to taxation until a withdrawal is made. Deferred nominal life AnnuityDeferred nominal life AnnuityA monthly fixed-dollar payment beginning at retirement age. It is nominal because the payment is fixed in a dollar amount at any particular time, up to and including retirement. Deferred state pensionDeferred state pensionWhen reaching retirement age, a person can elect to defer payment of his/her state pension. The result of this is to increase the value of the pension by one seventh of one percent for every week deferred. The maximum deferment period is five years and no further contributions are required. Further SuggestionsPeriodic purchase deferred contractchild deferred endowment Single Premium Deferred Annuity (SPDA) Contingent deferred sales charge (CDSC) Deferred equity Deferred compensation deferred income Deferred call Tax deferred retirement plans Deferred interest bond Deferred payment annuity |
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