What does accrual mean?

[Oker]

Business English Lesson, Advanced Level

ESL/EFL Test #497 "Money Market Performance", question 1

Money market performance is an annualized historical ......... based on the seven-day period ended on said date, annualized in the case of its effective form by compounding the seven-day return, and does not represent actual one-year return.

(a) accrual
(b) profit
(c) result
(d) yield

Business English Lesson, Advanced Level

ESL/EFL Test #497 "Money Market Performance", answer 1

Money market performance is an annualized historical yield based on the seven-day period ended on said date, annualized in the case of its effective form by compounding the seven-day return, and does not represent actual one-year return.

Correct answer: (d) yield
_________________________

definition of accrual?

Oker

[Mister Micawber]

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ACCRUAL
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_________________
Canadian-American native speaker
who teaches English for a living at Mister Micawber's
ESL cafe: Interview with Mr. Micawber