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accrue
(redirected from accruing)

   Also found in: Dictionary/thesaurus, Legal 0.01 sec.
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.



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