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Simple English definitions for legal terms

clause of accrual

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A quick definition of clause of accrual:

A clause of accrual is a part of a legal document, like a will or a deed, that says if one person who was supposed to receive something dies, their share goes to the other person instead of being given to someone else. It's like a backup plan to make sure the surviving person gets everything they were supposed to get.

A more thorough explanation:

A clause of accrual is a provision that can be 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.

For example, if a husband and wife own a property as tenants in common and the husband passes away, the clause of accrual would grant the husband's share of the property to the surviving wife. This ensures that the property remains with the surviving beneficiary and does not pass to the deceased beneficiary's heirs.

Another example would be in a will where a parent leaves their estate to their children as tenants in common. If one of the children passes away before the parent, the clause of accrual would grant the deceased child's share to the surviving siblings.

The clause of accrual is important in ensuring that the intended beneficiaries receive the full benefit of the gift or property ownership. It also helps to avoid disputes and confusion over ownership rights.

claused bill of lading | clause paramount

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got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
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