Simple English definitions for legal terms
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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.
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:
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.