An amount owed that has not yet been paid as of the balance sheet date. Accrued taxes are a common type of accrued liability.

The present value of all benefits earned by members of a pension plan, as of the date of the actuarial valuation.This value can be different if different actuarial cost methods or sets of assumptions are used.

The amount of money needed to offset a 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 promised 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.