accrued

Meanings

• verb (transitive)

  The process of something gradually becoming greater in amount or degree; an increase or addition over a period of time.

  - "Interest accrues daily on a savings account."
  - "The debtor must pay interest that has accrued on the loan."
  - "The damage to the car continued to accrue as the driver drove recklessly."

• noun

  An amount that has been earned, collected, or come into possession but not yet paid or received.

  - "The accrued interest on a savings account can be withdrawn periodically."
  - "The accrued wages of an employee who has left the company must be paid."
  - "The accrued pension benefits of a retired employee are paid monthly."

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Antonyms

amortize , defer , prepay

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Synonyms

add up , rise

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Rhymes

Words rhyming with accrued
crude , mood , pude , prude , rude

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Variants

List of all variants of accrued that leads to same result
accrued , accruable , accrue , accruement , accruements , accrues , accruing

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Etymology

origin and the way in which meanings have changed throughout history.

From the Latin word 'accrescere', meaning 'to grow or increase'.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. Accrued interest is calculated on the principal amount plus any previously accrued interest.

2. The term 'accrued' is often used in the context of insurance policies, where the policyholder may receive an 'accrued benefit' if they pass away before the policy term ends.

3. The term 'accrued' can also be used in the context of legal proceedings, where a party may be entitled to 'accrued damages' for harm suffered over a period of time.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. Compound interest: A type of interest that is calculated on both the initial principal and the accumulated interest.

2. Amortization: The process of paying off a debt with regular payments, including both principal and interest.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

In literature, accrued is often used in the context of finance and accounting. In poetry, it can be used metaphorically to describe the gradual build-up of emotions or experiences.

How to Memorize "accrued"

1. visualize
   

   - Imagine a jar filling up with water (or money) drop by drop. Each drop represents an incremental increase or addition, leading to the final amount or accrued value.

2. associate
   

   - Associate the word 'accrued' with the concept of growth or increase. Remember that it describes a process or gradual build-up over time.

3. mnemonics
   

   - Create a mnemonic using the acronym ACCRUED: 'Add Cash Consistently, Create Regular Updates Everyday'.

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