Accrued Income

You invested in a fund. The fund owned dividend-paying stocks, real estate assets, bonds, and had a few derivatives thrown in for good measure. This weird fund accrues income throughout the year, agreeing to distribute that income annually to its investors.

So that's accrued income in an investment, but the term applies as an account payable on the balance sheet in the operation of normal companies as well. A saleswoman at an excellent whoopee cushion distribution company can earn up to twelve grand in bonus money if she hits bonus targets each month. The first four months go well and she accrues future income, or bonus money, to be paid out at the end of the year. See Accrual Accounting for details on how this ugly piece of bean counting gets measured. And then say "whoopee."