Accruing is a term that is often used in finance and accounting to refer to an increase in the value of an asset or liability over a period of time. It is a term that is often used in the context of interest or other types of income that are earned over time.
Definitions
Accruing is the process by which something increases in value over time. It can be used to refer to the accumulation of interest on a loan or the growth of a savings account. It can also be used to refer to the accumulation of expenses or liabilities over time.
Origin
The word accruing comes from the Latin word “accrescere,” which means “to grow or increase.” The word has been in use in English since the 15th century.
Meaning in different dictionaries
According to the Merriam-Webster dictionary, accruing means “to come into existence as a legally enforceable claim.” The Oxford English Dictionary defines accruing as “to accumulate or increase over time.”
Associations
Accruing is often associated with finance and accounting. It is a term that is commonly used in the context of interest, dividends, and other types of income that are earned over time. It is also used in the context of expenses and liabilities that accumulate over time.
Synonyms
Some synonyms of accruing include accumulating, increasing, growing, and accumulating interest.
Antonyms
Some antonyms of accruing include decreasing, diminishing, and reducing.
The same root words
Some words that share the same root as accruing include accretion, which refers to the process of growth or accumulation, and accretive, which refers to something that is growing or accumulating.
Example Sentences
- The interest on my savings account is accruing at a rate of 2% per year.
- The company’s liabilities are accruing at an alarming rate.
- The value of my investments has been accruing steadily over the past few years.
- The company’s profits are accruing faster than expected.
- The interest on my credit card debt is accruing at a rate of 20% per year.