Legal Dictionary of Pakistan

Accrued asset

an asset arising from revenues earned but not yet due.

Unaccrued

adj. Not due, as rent on a lease.

accrue

vb. 1. To come into existence as an enforceable claim or right; to arise <the plaintiff's cause of action for silicosis did not accrue until the plaintiff knew or had reason to know of the disease>.The term accrue in the context of a cause of action means to arrive, to commence, to come into existence, or to become a present enforceable demand or right. The time of accrual of a cause of action is a question of fact." 2 Ann Taylor Schwing, California Affirmative Defenses § 25:3, at 17-18 (2d ed. 1996) 2. To accumulate periodically <the savingsaccount interest accrues monthly>. - accrual, n.

accrued asset. See ASSET.

accrued compensation

Remuneration that has been earned but not yet paid.

accrued compensation. See COMPENSATION.

accrued depreciation. See accumulated depreciation under DEPRECIATION.

accrued dividend. See accumulated dividend under DIVIDEND. accrued expense. See EXPENSE.

accrued expense

an expense incurred but not yet paid.

accrued income

Money earned but not yet received.

accrued income.

See INCOME.

accrued interest

Interest that is earned but not yet paid, such as interest that accrues on real estate and that will be paid when the property is sold if, in the meantime, the rental income does not cover the mortgage payments.

accrued liability

A debt or obligation that is properly chargeable in a given accounting period but that is not yet paid.

accrued right

A matured right; a right that is ripe for enforcement (as through litigation).

accrued salary

accrued salary.

A salary that has been earned but not yet paid.

accrued tax

A tax that has been incurred but not yet paid or payable.

accruer.

See CLAUSE OF ACCRUAL