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Simple English definitions for legal terms
accrual, clause of
Read a random definition: Hanse Towns
A quick definition of accrual, clause of:
Accrual, Clause of: A legal term that refers to a provision in a will or deed that gives the share of a beneficiary who has passed away to the surviving beneficiary. This is usually found in gifts or deeds between tenants in common. It is also known as a clause of accruer.
A more thorough explanation:
Definition: A clause of accrual, also known as a clause of accruer, is a provision commonly found in a gift by will or in a deed between tenants in common. This clause grants the shares of a predeceasing beneficiary to the surviving beneficiary.
Example: John and Jane own a property as tenants in common. They have a clause of accrual in their deed, which states that if one of them dies, their share of the property will go to the surviving tenant in common. If John were to pass away, Jane would inherit his share of the property.
Explanation: The clause of accrual ensures that the surviving beneficiary receives the predeceasing beneficiary's share of the property. In the example, if John were to pass away, Jane would inherit his share of the property, and the property would remain in her possession.