The phrase "accumulated surplus" is grammatically correct and can be used in written English.
It refers to the excess of income or assets over expenses or liabilities, which has been gathered or built up over time. Example: Our company's financial report showed an accumulated surplus of $1 million, which can be used for expansion and investments in the future.
In 1996, the city was roughly $500 million in debt; last year, it had an accumulated surplus of $1.4 billion.
That brought the accumulated surplus this year to $18.53 billion, up from a surplus of $12.45 billion in the first seven months of 2003.
In September, 2000, when the books closed on the fiscal year, the federal government had the biggest budget surplus in history, and it was predicted that the accumulated surplus for the next decade would be more than five trillion dollars.
Both the Metropolitan Life Insurance Company and the Prudential Life Insurance Company are in the midst of reorganizing into stock-based corporations that are requiring them to pay billions of dollars to policyholders from years of accumulated surplus.
After that, the program will have to draw down the Social Security trust fund, which is not an actual reserve of money but an accounting device tracking the accumulated surplus.
As a result, the retail price around the country has risen while the price paid to the producers has fallen, and the accumulated surplus of unsold leaves on the farms is being snapped up for cocaine production, according to Dionicio Nuñez, of the Yungas Farmers Federation.
Similarly, the countries producing the goods accumulated surpluses while others saw their trade deficits balloon.
Having accumulated surpluses at the start of the economic cycle, we meet our first rule, the golden rule.
After years of accumulated surpluses, the city is sitting on cash accumulated from previous surpluses equal to 23 months' total spending.
Some administration advisers wanted him to propose specific changes to fix Social Security, which has accumulated surpluses to date but before long will begin paying out more than it takes in from payroll taxes.
The only problem is the accumulated surpluses are an illusion.
