Simple English definitions for legal terms
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Term: UNACCRUED
Definition: Unaccrued means that something is not yet due or owed. For example, if you have a lease on a property and the rent is unaccrued, it means that the rent payment is not yet due.
UNACCRUED
Unaccrued is an adjective used to describe something that is not yet due or owed. For example, rent on a lease that has not yet reached its due date is considered unaccrued.
These examples illustrate the definition of unaccrued by showing how something that is owed, such as rent or a car payment, is not yet due and therefore unaccrued.