accrue

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Accrue

To increase; to augment; to come to by way of increase; to be added as an increase, profit, or damage. Acquired; falling due; made or executed; matured; occurred; received; vested; was created; was incurred.

To attach itself to, as a subordinate or accessory claim or demand arises out of, and is joined to, its principal.

The term is also used of independent or original demands, meaning to arise, to happen, to come into force or existence; to vest, as in the phrase, "The right of action did not accrue within six years." To become a present right or demand; to come to pass.

Interest on money that a depositor has in a bank savings account accrues, so that after a certain time the amount will be increased by the amount of interest it has earned.

A Cause of Action, the facts that give a person a right to judicial relief, usually accrues on the date that the injury to the plaintiff is sustained. When the injury is not readily discoverable, the cause of action accrues when the plaintiff in fact discovers the injury. This occurs frequently in cases of Fraud or Malpractice. A woman, for example, has an appendectomy. Three years after the surgery, she still experiences dull pain on her right side. She is examined by another physician who discovers a piece of surgical sponge near the area of the operation. Although the injury had occurred at the time of surgery three years earlier, in this case the cause of action for Medical Malpractice accrues on the date that the sponge is discovered by the second doctor. This distinction is important for purposes of the running of the Statute of Limitations, the time set by law within which a lawsuit must be commenced after a cause of action accrues. In cases involving injuries that cannot be readily discovered, it would be unfair to bar a plaintiff from bringing a lawsuit because he or she does not start the suit within the required time from the date of injury.

accrue

v. 1) growing or adding to, such as interest on a debt or investment which continues to accumulate. 2) the coming into being of the right to bring a lawsuit. For example, the right to sue on a contract only accrues when the contract is breached (not mere suspicion that it might be breached) or when the other party repudiates the contract (anticipatory breach).

accrue

(of a right or demand) to become capable of being enforced.

TO ACCRUE. Literally to grow to; as the interest accrues on the principal. Accruing costs are those which become due and are created after judgment of an execution.
     2.-To accrue means also to arise, to happen, to come to pass; as the statute of limitations does not commence running until the cause of action has accrued. 1 Bouv. Inst. n. 861; 2 Rawle, 277; 10 Watts, 363; Bac. Abr. Limitation of Actions, D 3.

References in periodicals archive ?
The largest growth - 32.9 percent in nominal accrued wages by economic activities in January-June 2018, compared to the same period in 2017, was observed in the information and communication sector, 30.2 percent in industry, 26.4 percent in construction, 25.4 percent in the area of financial and insurance activities.
Farouk said: 'From my reckoning, the accrued rights are actually less than N70 billion.
"Under this alternative rule, the portion of the participant's accrued benefit, expressed in the normal form of benefit under the plan and commencing at normal retirement age (or at the current date, if later), that is not settled by the single-sum payment must be no less than the excess of: (1) The participant's total accrued benefit expressed in that form; over (2) the annuity payable in that form that is actuarially equivalent to the single-sum payment, determined using the applicable interest rate and the applicable mortality table.
The aggregate amount of the accumulated deferred dividends is USD 21,482,973.76, or USD 11.68 per share, and is comprised of accumulated deferred dividends of USD 17,807,750.00, or USD 9.68 per share, plus accrued dividends thereon of USD 3,675,223.76, or USD 2.00 per share.
If it is likely to cause a problem under the new working arrangement it may be better to mutually agree to bring the full time contract to an end and to pay the employee an amount in respect of accrued but untaken holiday.
The national TV Chanel bTV announced Monday that Varna magistrates must exhaust a paid leave accrual of over 1500 days while the employees of the Varna courts have about 1700 days of accrued leaves that need to be used up before the end of 2011.
Before the high court, Jacquie argued that the accrued days of leave, which had value and which John acquired during their marriage, constituted "property," both in the ordinary sense of the word and under the definition of "marital property" contained in section 503 of the Illinois Marriage and Dissolution of Marriage Act.
Under the election to include market discount in income as it accrues, market discount is accrued on a ratable basis, but the taxpayer may elect to use instead a constant interest rate with respect to particular bonds and notes.
1942), the Eighth Circuit allowed a taxpayer's deduction of interest despite the fact that the taxpayer's liabilities exceeded its assets for the period that such interest accrued. (See also Cohen, 21 T.C.
Most importantly, for cash balance or hybrid plans, the accrued benefit may be expressed as an annuity payable at retirement age, the balance of a hypothetical account, or the current value of the cumulative percentage of the employee's final compensation.
Hughes Properties, Inc., 473 US 593, where a casino accrued a deduction for future slot machine payouts when a state law required the casino to pay out a set percentage of the amounts put into the machines.
When a tax bill is processed, PTMS reconciles the accrued tax estimate with the actual tax amount and automatically makes any necessary adjustments.