Made by craftsmen who take casts of you and your horse, the fit of your saddle will be exact as possible and to your specifications. These saddles are priced in the thousands of dollars. If you have a difficult to fit horse or are serious in pursuing a specific sport a custom-made saddle may be worth the investment.
deferral. In accounting this means to defer or to delay recognizing certain revenues or expenses on the income statement until a later, more appropriate time. Revenues are deferred to a balance sheet liability account until they are earned in a later period. When the revenues are earned they will be moved from the balance sheet account to revenues on the income statement. Expenses are deferred to a balance sheet asset account until the expenses are used up, expired, or matched with revenues. At that time they will be moved to an expense on the income statement.
Traditional individual retirement accounts, or IRAs, are tax-deferred, meaning that you donât have to pay tax on any interest or other gains the account earns until you withdrawal the money. Additionally, the contributions you make to the account may entitle you to a tax deduction each year. However, the Internal Revenue Service (IRS) restricts who can claim a tax deduction for contributions to traditional IRAs based on various factors.