Accrual

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Definition

Accrual. The process of accumulating interest or other income that has been earned but not paid

There are legal contractual terms for the accrual of interest, as distinct from the payment of interest.

See Also

  • Barron's Dictionary of Business and Economics Terms, Fifth Edition, 2012


Disclaimer

This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.

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