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LSDefine

Simple English definitions for legal terms

accretion

Read a random definition: forisjudicatus

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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HopefullyInLawSchool
16:06
it means you will not be rejected today and may be accepted or WL in the future
Just got my Michigan rejection
BookwormBroker
16:10
same
RoaldDahl
16:10
@HopefullyInLawSchool: what if i already got rejected. does it mean anything
HopefullyInLawSchool
16:12
@RoaldDahl: Likely not however it could mean nothing
RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
Right. Broken links smh
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