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Accrual |
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AccrualA term used in company accounts where income is due or a cost is incurred during an accounting period but has not been received or paid.Similar MatchesAccrual bondAccrual bondA bond on which interest accrues but is not paid to the investor during the time of accrual. The amount of accrued interest is added to the remaining principal of the bond and is paid at maturity. Accrual rateAccrual rateThe rate of build-up of a pension in a scheme where the calculation is based on salary. The accrual rate is generally expressed as some fraction - for example, sixtieths - of final pay. Certificate of Accrual on Treasury Securities (CATS)Certificate of Accrual on Treasury Securities (CATS)Refers to a zero-coupon US Treasury issue that is sold at a deep discount from the face value and pays no coupon interest during its lifetime, but returns the full face value at maturity. Interest accrual rateInterest accrual rateThe rate at which interest accrues on a mortgage. Accrual Accounting ConventionAccrual Accounting ConventionAn accounting system that tries to match the recognition of revenues earned with the expenses incurred in generating those revenues. It ignores the timing of the cash flows associated with revenues and expenses. Further SuggestionsAccrual basis |
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