DEFINITION
Accrued Expenditures

The term used for the credits entered into the budgetary accounts to recognize liabilities incurred for (1) Services performed by employees, contractors, other Government accounting entities, vendors, carriers, grantees, lessors, etc.; (2) Goods and other tangible property received; and (3) Items such as annuities or insurance claims for which no current service is required. Accrued expenditures are categorized as either paid or unpaid.

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