MLchartDataset catalogue

Accrue

Term · Law · MLC-T-LAW-000320

To accumulate or grow over time, typically referring to financial obligations or benefits. In accounting, expenses are accrued when they are incurred but not yet paid, and revenues are accrued when they are earned but not yet received. Interest on a loan or vacation time for an employee can also accrue.

Table 1. Record
IdentifierMLC-T-LAW-000320
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-000320",
  "term": "Accrue",
  "field": "Law",
  "definition": "To accumulate or grow over time, typically referring to financial obligations or benefits. In accounting, expenses are accrued when they are incurred but not yet paid, and revenues are accrued when they are earned but not yet received. Interest on a loan or vacation time for an employee can also accrue.",
  "url": "https://mlchart.com/terminology/law/accrue/"
}

Record 82 of 5,439 in Law terminology (MLC-0107). Request the full dataset.