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LSDefine

Simple English definitions for legal terms

accrue

Read a random definition: fraudulent joinder

A quick definition of accrue:

Accrue: When you earn or collect money over time, or when you have a legal right to ask for something because of something that happened. For example, if you have a job and get paid every week, your money will accrue over time. Or, if someone hurts you and you have a right to ask for money to make it better, your claim will accrue when the hurt happens.

A more thorough explanation:

Accrue means to accumulate or grow over time. It can refer to:

  • The accumulation of interest, income, or expenses. For example, if you have a savings account, interest will accrue over time, meaning that the amount of money in your account will gradually increase.
  • When a legal claim or cause of action comes into existence. This means that a person has a complete and present reason to take legal action. For example, if someone is injured in a car accident, their legal claim against the other driver will accrue at the time of the accident.

Accrual is often important in legal contexts, such as when determining the statute of limitations for a claim. For example, in California, a claim for injury or property damage must be presented within six months of the accrual of the cause of action.

In bankruptcy cases, the court must determine whether a debtor's claim has accrued, which would make it an asset of the debtor's estate. This means that if a person is owed money at the time they file for bankruptcy, that money may be used to pay off their debts.

accrual method of accounting | accumulated earnings

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General chat about the legal profession.
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join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
BulbasaurNoLikeCardio
7:51
@texaslawhopefully: best prices and only fast food that doesn't make me sick
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