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Simple English definitions for legal terms

accretion

Read a random definition: construction financing

A quick definition of accretion:

Accretion is when land next to water slowly gets bigger because of the water's movement. This can make a piece of property grow over time and become more valuable. The new land that is added becomes the legal property of the person who owns the original property. Accretion can also happen in trusts, where one person gets more than their fair share because someone else didn't take their share or didn't follow the rules to get it.

A more thorough explanation:

Accretion in law refers to the slow addition of land next to water due to the water’s movement or the increase of beneficiary’s share of a trust due to the actions of another beneficiary.

For example, accretion from natural causes (also referred to as alluvion) adds soil, sand, and other types of earth to the part of a person’s property that borders water. This occurs very slowly, but over time, a piece of property may grow a lot and increase its value. Any addition to one’s property by accretion becomes that person’s legal property. This is in contrast with avulsion where the original owner of the moved earth continues to own it. Avulsion occurs where large parts of a person's property suddenly move away due to natural events such as flooding.

Accretion in estates occurs where a beneficiary to a trust receives more than their original share of the trust. Often, this occurs because one of the other beneficiaries does not take their share or does not fulfill a requirement for them to receive their share of the trust.

These examples illustrate how accretion can occur in different contexts, but in each case, it involves a slow and gradual increase in something over time.

accredited investor | accrual method of accounting

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Quillinit
11:57
ah you filed retro W's from classes in UG?
Quillinit
11:58
ah okay, sorry homie that's rough
it's fine i got into one of my top choices so im really happy
Quillinit
11:58
<3 happy for you
getting into cornell is hugeee
ayyyyy
Quillinit
11:59
^^^^^ would love to get into Cornell lmao
Quillinit
11:59
or anywhere!
you got it, believeeee
12:06
@letsseehowitgoesnow: you okay?
12:08
@ KnowledgeableRitzyWasp did u withdraw frm all your classes for two years or just a few? i have 2 W's
12:23
listening to the front bottoms at the gym again ist es over fur mich?
My wife and I saw TFB with manchester orchestra the night before thanksgiving a few years back and it was pretty damn choice
shaquilleoatmeal
12:27
yoo lets dawg what happened, you good?
12:28
breakup
12:28
happens to the best of us
12:28
@UnsuitableMaliciousHedgehog: that’s so fucking sick
rough night and morning with ex :/. we broke up but we live together
shaquilleoatmeal
12:29
damn ;/ it is break up season dawg, i'm sorry you're going through that
12:29
it really is breakup season
shaquilleoatmeal
12:29
i lived with my ex for 3 months after we broke up and it was brutal. If you can move out quicker rather than later
thanks shaq! i just needed some input from people who are looking from the outside in
im gonna pack up my stuff and leave for a few days when i get off work
12:31
sometimes I think about things my ex said and did to me and a year later it still makes me so sad that I ever let myself be treated that way
shaquilleoatmeal
12:32
yee bud clear your head how you need, shit sometimes even just driving with no destination and some sad ass music can get you through this
shaquilleoatmeal
12:32
you grow through what you go through bunny, you know for the next relationship what you deserve
I want to run you guys through a scenario to see what yall think. Go to off topic for the one time lol
12:34
gotchu
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