accrued liability

noun

1. the amount of liability accumulated at a given time but not yet paid.

Example Sentences

The unfunded accrued liability, the amount of money that the system is short of being fully funded, rose by $1.5 billion to nearly $16 billion.

From Washington Times

In short, when we ask clients if accrued liability X has been paid within Y months of year-end, what we are trying to determine, whether we realize it or not, is whether “economic performance” has occurred with respect to the liability.

From Forbes

There is one rather large exception to the rule that an accrued liability may not be deducted before economic performance has occurred.

From Forbes

Under this test, a taxpayer may deduct an accrued liability if the first two prongs of the all events test are met, and economic performance occurs before the earlier of:

From Forbes

Movers were using the recurring item exception to deduct the accrued liability for unpaid damage claims, but was that the proper treatment?

From Forbes