accrue

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Accrue

To earn but not collect. For example, if a company makes $1 million in revenue but has not collected $250,000 before it must make its quarterly statement, it is said to have accrued $250,000 in revenue. By the same token, the interest a bond has earned between coupon payments is said to accrue. See also: Accruals.

accrue

To accumulate; grow. A $100,000 loan at 7 percent interest accrues interest at the rate of $7,000 per year, or $19.18 per day. The mortgage holder on a property being sold will typically tell the closing company a payoff amount accurate as of the anticipated closing date, with a daily accrual for each day closing is delayed.

References in periodicals archive ?
Therefore, because we have concluded that section 461(d) is applicable to any action causing an acceleration of the time for accruing state taxes regardless of the motivation for the action and regardless whether a section 481 adjustment would be made, we conclude that.
II) the accrual of such item in the taxable year in which the requirements of clause (i) are met results in a more proper match against income than accruing such item in the taxable year in which economic performance occurs.
The threshold for not accruing income is more substantial than in those situations in which income is accrued and a comparable bad-debt chargeoff is recorded.
Amending plans: Employers should carefully consider the consequences of modifying existing deferred compensation plans to obtain current rather than deferred deductions for interest accruing on the compensation.
The amount of interest that a holder converting a bond will receive is as follows: (1) with respect to any bond converted on or prior to December 31, 1999, an amount equal to the sum of the interest payment due on January 15, 2000, plus interest accruing from January 15, 2000, to but not including the redemption date; (2) with respect to any bond converted during the period from January 1, 2000, to January 15, 2000, an amount equal to the interest accruing from January 15, 2000, to but not including the redemption date; and (3) with respect to any bond converted after January 15, 2000, an amount equal to interest accruing from January 15, 2000, to but not including the redemption date.
Interest accruing on a debt for any period is allocated in the same manner as the debt, regardless of when the interest is actually paid.
Using the conventional approach, they estimated that implementing BACT would result in 210 fewer deaths per year in the target area, with approximately 25% of the benefits accruing to individuals with less than a high school education.
Although many actions were performed after the trade date, they were regarded as administrative and so did not preclude the commission from accruing.