Accrual Balance

Accrual Balance. The liability that the Bank accrues, under Generally Accepted Accounting Principles ("GAAP") as reasonably applied by the Bank, for the Bank's obligation to the Executive under this Agreement in accordance with Accounting Principles Board Opinion Number 12, as amended by Statement of Financial Accounting Standards Number 106, and the Discount Rate. Any one of a variety of amortization methods may be used to determine the Accrual Balance. However, once chosen, the method must be consistently... applied. View More