Categories
Investments glossary

Unearned Revenue

Unearned revenue is money received by an individual or company for a service or product that has yet to be provided or delivered. It can be thought of as a prepayment for goods or services that a person or company is expected to supply to the purchaser at a later date. As a result of this prepayment, the seller has a liability equal to the revenue earned until the good or service is delivered.

Click to rate this post!
[Total: 0 Average: 0]

Leave a Reply

Your email address will not be published. Required fields are marked *