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Term of the Day
BusinessDictionary.com
accrual of obligation
Definition
Continuing
maturing of an
obligation
over time until the
day
the
obligor
must
pay
or perform.
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Nearby Terms
accretive acquisition
accrual basis accounting
accrual bond
accrual concept
accrual note
accrual of a claim
accrual of obligation
accrual principle
accrual rate
accruals
accrue
accrued assets
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Popular 'Accounting & Auditing' Terms
accounting
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letter of credit (L/C)
asset
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pro forma invoice
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