accrued liability


Definition of accrued liability

: the portion of an accruing liability that has become definitely ascertainable and chargeable though actual payment thereof is not yet due

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First Known Use of accrued liability

1854, in the meaning defined above

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The first known use of accrued liability was in 1854

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Cite this Entry

“Accrued liability.” Dictionary, Merriam-Webster, Accessed 27 Nov. 2020.

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