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.
Unearned revenue (deferred revenue) refers to funds received by a seller for goods or services not yet delivered to the buyer. This article further defines and explains unearned revenue and deferred revenue, with numerical examples. The unearned revenue situation is familiar in many kinds of businesses. For example: When the purchaser of land or other real estate makes an initial deposit on the property, the seller has unearned revenue on the deposit until the sale transaction is completed and legal ownership is transferred.