What does accrue mean?

Early forms of the word accrue were used as early as the 15th century with the meaning "to increase" or "to grow." Many modern uses for accrue involve money or finances, as when you accrue, or earn, interest on a bank account. You can accrue debt too, as interest grows on top of money owed until you pay it back.

What are accrued expenses?

Accrued expenses are expenses that are recognized before being paid, such as certain interest expenses or salaries. When something financial accrues, it essentially builds up to be paid or received in a future period. Both assets and liabilities can accrue over time.

What does it mean to accrue a Grade?

To accrue is to accumulate or to keep growing in value or size. If you can accrue enough extra credit to build up your grade, you won't have to take the final exam. Early forms of the word accrue were used as early as the 15th century with the meaning "to increase" or "to grow."

What happens when something financial accrues?

When something financial accrues, it essentially builds up to be paid or received in a future period. Accrue most often refers to the concepts of accrual accounting, where there are accrued revenue sand accrued expenses. Accrued revenue is when a company has sold a product or service but has yet to be paid for it.