Revenue that is considered a liability until it becomes 
relevant to the business at hand, such as a payment 
received for work that has not yet been performed. opposite 
of deferred charge.

A liability account used to collect deposits and other cash receipts prior to the completion of the sale.

Deferred revenue is important because it's the money a company collects before it actually delivers a product. For example, a software company sells and receives payment for a computer program before it gets delivered or installed. This doesn't get recorded as straight revenue because, if something goes wrong with the job, the money is at risk.

MOney that is recieved but not actually earned i-e product 
is not yet delivered or service is not yet permormed