Keyword Analysis & Research: accrued meaning

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What does the word accrued mean?

accrue(Noun) Something that accrues; advantage accruing. accrue(Verb) To increase, to augment; to come to by way of increase; to arise or spring as a growth or result; to be added as increase, profit, or damage, especially as the produce of money lent.

What is the meaning of 'accrues'?

What is 'Accrue'. "Accrue" is a term used to describe the ability of something to accumulate over time, and is most commonly used when referring to the interest, income or expenses of an individual or business. Interest in a savings account, for example, accrues so that over time, the total amount in that account grows.

What does the name accrue mean?

Key Takeaways Accrue is the accumulation of interest, income, or expenses over time-interest in a savings account is a popular example. When something financial accrues, it essentially builds up to be paid or received in a future period. Accrue most often refers to the concepts of accrual accounting, where there are accrued revenue sand accrued expenses. More items...

What is the legal definition of accrued?

The definition of accrued is when something grew in amount or value. An example of accrued is when a person acquires wisdom with age. ... Accrued is defined as something that increased over time.

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