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What (who) is accrued expenses - definition
IN FINANCE, ADDING TOGETHER OF INTEREST OR DIFFERENT INVESTMENTS OVER A PERIOD OF TIME
Accrual basis accounting; Accruals Concept; Accrual accounting; Accrued Expense; Accrued revenue; Accrue; Accrued benefit; Accrued benefits; Accrued Benefits; Accruals; Accrual basis; Accrued expense; Accrued income; Accrued Revenue; Acrrual; Accrued expenses
accrue
[?'kru:]
¦ verb (accrues, accruing, accrued)
1. (of a benefit or sum of money) be received in regular or increasing amounts.
2. make provision for (a charge) at the end of a financial period.
Derivatives
accrual noun
Origin
ME: from OFr. acreue, past participle of acreistre 'increase', from L. accrescere (see accrete).
accrue
(accrues, accruing, accrued)
1.
If money or interest accrues or if you accrue it, it gradually increases in amount over a period of time. (BUSINESS)
I owed ?5,000-part of this was accrued interest...
If you do not pay within 28 days, interest will accrue...
Officials say the options will offer investors a longer time in which to accrue profits.
= accumulate
VERB: V-ed, V, V n
2.
If things such as profits or benefits accrue to someone, they are added to over a period of time. (FORMAL)
...the expectation that profits will accrue.
...a project from which considerable benefit will accrue to the community...
VERB: V, V to n
accrual
(accruals)
In finance, the accrual of something such as interest or investments is the adding together of interest or different investments over a period of time. (BUSINESS)
= accumulation
N-COUNT: usu sing, oft N n
Wikipedia
Accrual
In finance, an accrual (accumulation) of something is the adding together of interest or different investments over a period of time.
