Meaning of “accrued expense” in the English Dictionary

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"accrued expense" in Business English

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accrued expensenoun [ C ]

uk us 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)