Definition of Accrue


It is defined as a propensity for something to accumulate overtime and it is mostly used in the text of interest, income or expenses of a person or business.


Particularly, it includes interest in a saving account for example if we considered accrues over time, than the total amount in the saving account grows.When something that can be finance accrues, it can be paid or receives in future . the term accrue is also related to the concept of the accrual accounting , which has become the standard accounting practice for most companies.

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