accrued liability

Englisch - Englisch

Definition von accrued liability im Englisch Englisch wörterbuch: The amount of money needed to offset the employee's accumulated benefits under a retirement plan Accrued liability equals the difference between the present value of the future benefits and the present value of future contributions (PE); That amount of money needed to offset the participant's accumulated benefits under a retirement plan A plan's accrued liability is equal to the difference between the present value of future benefits and the present value of future contributions A plan is considered fully funded when the funds held under the plan equal the plan's accrued liability Conversely, when the assets of a plan are less than its accrued liability, the plan is deemed to have an unfunded accrued liability; These are liabilities, which have occurred, but have not been paid during an accounting period Examples would include accrued wages payable, accrued sales tax payable, and accrued rent payable; A developing but not yet enforceable claim by another person which accumulates with the passage of time or the receipt of service or otherwise It may arise from the purchase of services (including the use of money) which at the date of accounting have been only partly performed, and are not yet billable; Found under liability; The difference between the projected benefits liability (the present value of all future benefits) and the actuarial present value of future normal costs From a retrospective viewpoint, the accrued liability is the cumulative normal cost of a plan adjusted for experience gains and losses as of a valuation date