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Simple English definitions for legal terms

accumulation

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A quick definition of accumulation:

Accumulation: Accumulation refers to the process of adding more and more of something over time. This can refer to adding money to a savings account or investment fund, or adding evidence to support a claim. It can also refer to keeping dividends or profits for future use. In insurance, accumulation can mean an increase in the amount of coverage without an increase in premiums.

A more thorough explanation:

Definition: Accumulation refers to the process of increasing something by repeatedly adding to it. This can include the increase of a fund by adding the income it generates, or the retention of dividends for future distribution. It can also refer to the concurrence of several titles or circumstances to the same proof.

Examples:

  • A person may accumulate wealth by saving a portion of their income each month.
  • A company may accumulate profits by reinvesting a portion of their earnings back into the business.
  • In legal terms, accumulation can refer to the concurrence of several titles to the same property, such as when multiple people have ownership rights to a piece of land.
  • In insurance, accumulation can refer to an increase in the principal sum insured for, effective upon renewal of a policy, without a change of premiums.

The examples illustrate how accumulation involves the process of adding to something over time, resulting in an increase in value or quantity. Whether it's accumulating wealth, profits, or ownership rights, the concept of accumulation involves building upon what already exists to create something greater.

accrual basis | accumulations, rule against

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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