1. to record a financial Transaction in accounts when it takes place, and not when payment is made or received

  2. to increase and be due for payment at a later date


    Interest accrues from the beginning of the month.

Browse by Subjects
U.S. Savings Bonds
Unrealized profit
zero coupon bond
See All Related Terms »

bad debt expense
regressive tax
pretax profit
unit of account
associate company