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Accruing Meaning: Definition, Examples, and Translations

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accruing

[əˈkruːɪŋ ]

Definition

Context #1 | Verb

financial context

Accruing refers to the accumulation of funds, benefits, or expenses over time. This process often pertains to interest, revenue, or liabilities that are recognized before cash transactions occur. In accounting, accruing is essential for reflecting the true financial position of a business.

Synonyms

accumulating, collecting, gathering.

Examples of usage

  • The company is accruing interest on its loans.
  • He is accruing vacation days as part of his employment benefits.
  • Revenue is accruing even though the payment has not yet been received.

Translations

To see the translation, please select a language from the options available.

Interesting Facts

Finance

  • In finance, accruing often refers to the accumulation of interest on a bank account or loan.
  • Accrued expenses are those that have been incurred but not yet paid, highlighting the importance of timing in finance.
  • Companies track accrued income and expenses to accurately report their financial health in accounting periods.

Psychology

  • People often feel a sense of satisfaction or achievement when something is accruing, like rewards or savings.
  • Behavioral economics suggests that delayed gratification can lead to better accruing outcomes in life choices.
  • The psychological tendency to favor immediate rewards can impact how effectively individuals accrue benefits over time.

Environmental Studies

  • Accruing benefits from nature, like carbon credits, helps businesses engage in sustainable practices.
  • Ecosystems accrue benefits over time, such as biodiversity, which is vital for environmental health.
  • In regenerative agriculture, practices aim to accrue soil health and improve crop yields over the long term.

Literature

  • In literature, characters often experience accruing challenges or rewards throughout their journeys, enhancing narrative depth.
  • The concept of time and accruing wisdom is a common theme in coming-of-age stories, illustrating growth.
  • Authors play with the idea of accrued knowledge versus ignorance to explore human experiences and choices.

Origin of 'accruing'

Main points about word origin

  • The word 'accrue' comes from the Latin 'accruere', which means 'to grow or increase'.
  • It entered the English language in the late 14th century, evolving from earlier forms connected to growth.
  • Initially used in legal and financial contexts, it has expanded into broader uses in modern language.

The term 'accruing' stems from the Latin word 'accrescere', meaning 'to increase' or 'to grow'. This word combines 'ad-' (to) and 'crescere' (to grow). The usage of 'accrue' in English dates back to the late 14th century, primarily in legal and financial texts. Over the centuries, it has evolved to encompass various contexts related to growth or increase in a monetary sense, including finance, accounting, and economics. The concept of accruing allows businesses and individuals to recognize growth in financial assets or liabilities over time, rather than strictly through transactional measures.

Word Frequency Rank

Ranked #11,148, this word falls into high-advanced vocabulary. It appears less frequently but is valuable for expressing precise meanings in specific contexts.