ACCRUED LIABILITY Definition

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ACCRUED LIABILITY are liabilities which are incurred, but for which payment is not yet made, during a given accounting period. Some examples in a manufacturing environment would be: wages, taxes, suppliers/vendors, etc.

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UNABSORBED COSTS occurs when the cost structure does not fully reflect all variable and/or fixed costs.

EXTENSION SWAP is selling one security and purchas­ing another security with a longer maturity date to improve yield.

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