ACCRUED LIABILITY Definition

Bookmark and Share

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.

Learn new Accounting Terms

ISV can mean: Independent Software Vendor, Independent Solution Vendor, or Information Service Vendor.

MANAGED RECEIVABLES is the total receivable amounts on which a company continues to perform billing and collection activities, including receivables that have been sold with and without credit recourse and are no longer reported on the balance sheet. See OWNED RECEIVABLES.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.