A more thorough explanation:

A deferred claim is a claim that is postponed to a future accounting period. This means that the claim will not be recognized or paid until a later date.

• Insurance claims: If an insurance company receives a claim for damages that occurred in the current year, but the payment for the claim will not be made until the following year, the claim is considered a deferred claim.
• Warranty claims: If a company receives a warranty claim for a product that was sold in the current year, but the repair or replacement will not be made until the following year, the claim is considered a deferred claim.

These examples illustrate how a claim can be recognized in one accounting period, but the payment or resolution of the claim is postponed to a future period. This can affect a company's financial statements and must be properly accounted for in order to accurately reflect the company's financial position.