Unliquidated Obligation

What is Unliquidated Obligation?

Unliquidated Obligation meaning For financial reports prepared on a cash basis, obligations incurred by the non- Federal entity that have not been paid (liquidated). For reports prepared on an accrual expenditure basis, these are obligations incurred by the non-Federal entity for which an expenditure has not been recorded.

 

reference: Glossary of NIH Terms

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