deferred gain

deferred gain definition - business

deferred gain

A realized gain on which tax is deferred to a future period. Prior to May 7, 1997, realized gains on the sale of a personal residence could be deferred if the next house bought was more expensive than the house that was sold.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.