deferred credit UK US noun [C] (also deferred income [U], also deferred revenue [U])
► ACCOUNTING money that has been received by a business but has not yet been shown in the accounts as income, for example, payment in advance for goods that have not yet been provided: »
A grant aiding the purchase of a fixed asset can be treated either as a deduction from cost or as a deferred credit.
Financial and business terms. 2012.