Definition

Accrued benefits

Accrued benefits are the pension benefits earned by an employee accourding to the years of the employee's service.

Share it:  Cite

More from this Section

  • Australian Stock Exchange (ASX)
    Australian Stock Exchange (ASX) refers Australia's major securities market, formed when ...
  • Backdating
    Backdating in the context of mutual funds, a feature allowing fundholders to use an earlier ...
  • Property insurance
    Protection for losses due to physical damage to or destruction of property or for property ...
  • The accounts of the BOP
    The BOP is composed of two primary subaccounts, the Current Account and the Capital/ Financial ...
  • Deposit Banking
    Pure deposit banking has its origin in England. Banks in England were only confined to ...