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Related to accrues: accruable


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.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.


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).

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.


(of a right or demand) to become capable of being enforced.
Collins Dictionary of Law © W.J. Stewart, 2006

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.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
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The taxpayer who elects to include market discount as it accrues increases his basis by the amounts included in gross income each year.
Whether Interest Is Deductible to the Borrower as It Accrues
For any section 467 rental agreement that includes a section 467 loan, the section 467 interest for a taxable year is the sum of (1) the interest on fixed rent for any rental period that begins and ends in the taxable year, (2) a ratable portion of the interest on fixed rent for any rental period that begins or ends in the taxable year, and (3) any interest that accrues on any contingent rent that accrues during the taxable year.(61) In general, the interest on fixed rent for a rental period is equal to the product of (1) the principal balance of the section 467 loan and (2) the yield on the section 467 loan.(62) Contingent payments are not taken into account in calculating either the yield or principal balance of a section 467 loan.(63)
The employer should accrue an unclaimed property liability to reflect the fact some state is likely to seek to recover the unpaid amount as unclaimed property.
At that point, some companies then manually review each item and accrue tax on the purchase as necessary.(18) Some companies merely retain the receipts for state audit purposes, and estimate the tax due by some other method.
Additional benefits do not accrue to a participant until the benefits payable under the cash balance plan equal the amount accrued under the traditional defined benefit plan at the transition date.
On the other hand, if the same corporation makes a contribution to a U.S.-based charity for use outside the United States, it does not necessarily follow that the contribution should be associated with the corporation's foreign activities (and income), or even be ratably apportioned, because no goodwill outside the United States will ordinarily accrue from the contribution.(1) For example, if a corporation makes a contribution to a U.S.-based international relief organization to alleviate the suffering of the Bosnian refugees, the recipients of the assistance will most often not even be aware of their benefactor, but rather will identify the contribution with the organization distributing the assistance.
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2003-10, the Service provided guidance on the tax year in which an accrual-method vendor accrues gross income under Sec.
For Federal income tax purposes, the debt's conversion feature is ignored; interest accrues at the debt instrument's overall yield based on the stated interest rate and any OID.
Reinhold to Thomas Wessel and Robert Scarborough, Highlights and Documents 991 (February 2, 1990), suggesting that "interest that is paid not later than the close of the accrual period in which it accrues" should be excluded from the definition of OID for purposes of section 163(e)(5)(A)(i).
1.451-1(a) provides that if a taxpayer improperly accrues an income amount on the basis of a reasonable estimate and subsequently determines the exact amount, the difference (if any) should be taken hat o account for the tax year in which the determination is made.