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Simple English definitions for legal terms
accresce
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A quick definition of accresce:
Term: accresce
Definition: Accresce is a legal term that means to increase or grow over time. It is often used in civil law to describe the gradual accumulation of something, such as interest on a loan or the value of an investment. Essentially, accresce means that something is getting bigger or more valuable as time goes on.
A more thorough explanation:
Definition: To grow or increase over time.
Examples:
- Over the years, the value of the property accresced due to the booming real estate market.
- The interest on the savings account accresced, resulting in a larger balance.
These examples show how something can accresce, or increase, over time. In the first example, the value of the property grew due to external factors such as the real estate market. In the second example, the interest on the savings account caused the balance to increase.