What is Deferred liability?

A liability that has arisen now, but whose payment or conversion into income is postponed to later periods. Under NAS No. 21 (paragraph 262), the current portion is kept in six accounts: 6210 "Deferred income in the form of discounts", 6220 "Deferred income in the form of premiums (markups)", 6230 "Other deferred income", 6240 "Deferred liabilities for taxes and levies", 6250 "Deferred corporate profit tax liabilities on temporary differences" and 6290 "Other deferred liabilities". The long-term portion is kept in the corresponding accounts of the 7200 group (7210–7290).