Accrual Rate

Business, Legal & Accounting Glossary

Definition: Accrual Rate


Quick Summary of Accrual Rate


The rate of build-up of a pension in a scheme where the calculation is based on salary. The accrual rate is generally expressed as some fraction – for example, sixtieths – of final pay.



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https://payrollheaven.com/define/accrual-rate/
Modern Language Association (MLA):
Accrual Rate. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. December 03, 2020 https://payrollheaven.com/define/accrual-rate/.
Chicago Manual of Style (CMS):
Accrual Rate. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/accrual-rate/ (accessed: December 03, 2020).
American Psychological Association (APA):
Accrual Rate. PayrollHeaven.com. Retrieved December 03, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/accrual-rate/

Definition Sources


Definitions for Accrual Rate are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 26th April, 2020 | 2 Views.