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Accrued benefits
(redirected from accrual)

   Also found in: Dictionary/thesaurus, Medical, Legal, Wikipedia, Hutchinson 0.04 sec.
Accrued benefits
The pension benefits earned by an employee according to the years of the employee's service.

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The aggregate amount of interest to be paid under the instrument before the close of such accrual period; and 3.
IRS Field Attorney Advice 20061701F, (April 28, 2006), which may not be used or cited as precedent, considered whether accrual basis taxpayers can deduct employment taxes on vacation/bonus pay accrued at year-end, but not paid until the next year.
Although the Internal Revenue Service has long since shifted from the friendly and service-oriented approach to a tough guy persona, (1) taxpayers have still taken some solace that they could generally enjoy protection of their tax accrual workpapers.
 
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