accrued expense Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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Meaning of “accrued expense” in the English Dictionary

"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 ​businessowes in a particular ​period which it ​records in its ​accounts but that it does not ​pay in that ​period: The company's ​accruedexpenses for the ​environmentalclean-up amounted to $118 million.
(Definition of accrued expense from the Cambridge Business English Dictionary © Cambridge University Press)
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