accrual
C1CEFR level
65/100Rarity: rare
TechnicalRegister
Law noun
The recognition of income or expense when it is earned or incurred rather than when cash changes hands.
On the accrual basis, the interest is taxed in the year it arises, not when it is received.
Business noun
An expense or revenue recognized when it is earned or incurred rather than when cash changes hands.
We booked an accrual for the unpaid December bonuses so the cost lands in the year it was earned.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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