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English definition of “accrued expense”

accrued expense

noun [C]
 
 
( also accrued charge, also accrued cost, also accrued liability, also accrual) ACCOUNTING
an amount of money that a business owes in a particular period which it records in its accounts but that it does not pay in that period: The company's accrued expenses for the environmental clean-up amounted to $118 million.
(Definition of accrued expense from the Cambridge Business English Dictionary © Cambridge University Press)
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