Accrued Liability

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Dictionary Says

Definition of 'Accrued Liability'

An accounting term for an expense that a business has incurred but has not yet paid. A company can accrue liability for any number of items, such as a pension account that will pay retirees in the future. Accrued liabilities can be recorded as either short or long-term liabilities on a company's balance sheet.
Investopedia Says

Investopedia explains 'Accrued Liability'

Payroll taxes are another common example of an accrued liability. For each day an employee works, an employer is responsible for paying Social Security, Medicare and Federal Unemployment taxes on that employee's wages. The employer sets this money aside until the date when the money must be turned over to the IRS. Until the taxes are actually paid, they are an accrued liability. Thus, an accrued liability does not necessarily indicate a payment that is past due.
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'Accrued Liability'

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    ... and the investment is transferred to an heir, the cost basis is reset to the market
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    ... if we use accounts payable, which typically is the dominant operating liability,
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    ... 8.21 Asset Impairment. 9. Liabilities: 9.1 Introduction; 9.2 Current Liability Basics;
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  • Series 7 Study Guide - Equities - Direct Participation Programs ...

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    ... limited partnership. "Limited" refers to liability: it means a partner cannot
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  • Municipal Bond Tips For The Series 7 Exam

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    ... accounts in which the member firm has a continuing liability for unsold ... Accrued interest,
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    ... Accrued Expenses, Short-Term Debt. ... For example, interest expense is associated with
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  • Saving Money With A Private Annuity Trust

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    ... The annuitant receives the entire principal and all of the accrued interest under ...
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  • Obagi's Pitfalls Provide Investment Opportunity

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    ... (Learn more in Cover Your Company With Liability Insurance.) Texas ... result, $1.9 million
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  • Series 7 Study Guide - Equities - Equity Terminology ...

    http://www.investopedia.com/exam-guide/series-7/equities/equity-term.asp
    ... these general terms: Limited liability refers to the degree of personal
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  • Get A Tax Credit For Your Foreign Investments

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    ... they are actually paid) can claim the credit for foreign taxes that have accrued. ...
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