Higher Education is hereby authorized to execute and administer contracts for. construction, repair, renovation, and maintenance projects, including all. aspects of project management, design, construction, and legal and. administrative services related to and necessary for the completion of projects.
What is 'Annualized Income' Annualized income is an estimate of the amount of money that an individual or a business generates over the course of a year. Annualized income is calculated with less than one year's worth of data, so it is only an estimate of total income for the year, and annualized income figures can be helpful for creating budgets and making estimated income tax payments.
DEFINITION of 'Deferred Revenue'. Advance payments or unearned revenue, recorded on the recipient's balance sheet as a liability, until the services have been rendered or products have been delivered.eferred revenue is a liability because it refers to revenue that has not yet been earned, but represents products or services that are owed to the customer. As the product or service is delivered over time, it is recognized as revenue on the income statement. Next Up.