Accruable is a term that is commonly used in accounting and finance. It refers to the ability of an asset or liability to accumulate interest or other charges over time. In this article, we will explore the definition and meaning of accruable, its origin, as well as its associations, synonyms, and antonyms.
Definitions
Accruable is an adjective that describes something that can be accrued or accumulated over time. It is often used in the context of accounting and finance to describe interest, expenses, or other charges that accumulate over time.
Origin
The word accruable comes from the French word ‘accru’, which means ‘to grow’. The word itself has been in use since the 15th century, but its use in the context of accounting and finance is more recent.
Meaning in different dictionaries
According to the Merriam-Webster dictionary, accruable means “capable of being accrued or accumulated”. The Oxford English Dictionary defines it as “able to be accumulated or added to over time”.
Associations
Accruable is often associated with finance and accounting, as it is used to describe the accumulation of interest, expenses, or other charges over time. It is also associated with the concept of compounding, where interest is earned on both the principal amount and the accumulated interest.
Synonyms
Some synonyms of accruable include accumulative, amassable, and buildable.
Antonyms
Antonyms of accruable include non-accruable, non-accumulative, and non-buildable.
The same root words
The root word of accruable is ‘accrue’, which means ‘to accumulate or grow over time’. Other words that share this root include accrual, accruement, and accrue.
Example Sentences
- The interest on the loan is accruable on a monthly basis.
- The expenses for the project are accruable over the course of six months.
- The company has an accruable liability for employee benefits.
- The investment has an accruable return of 5% per year.
- The interest on the savings account is accruable daily.