When actuaries say that pension benefits, actuarial costs and actuarial liabilities have accrued, they ordinarily mean that the amounts are associated, either specifically or by a process of allocation, with years of employee service before the date of a particular valuation of a pension plan
to accumulate a receivable or payable during a period even though no transaction occurred
To record an item in the accounting books when using the accrual method of accounting For example, you accrue income when the customer signs a contract, even though you won't receive any cash at that time When you accrue an item of income or expense can depend on a number of factors including the entity's procedures IRS requirements here frequently diverge from accounting rules
Refers to non-MIQ affiliates accruing SVP That is, the SFI system allows you to accumulate SVP each month until you reach 10 SVP, at which point you become MIQ (Multi-Income Qualified)
to accumulate, to collect, to come into existence, as to a right or cause of action, to come into existence as an enforceable legal claim
To accumulate When a right is vested in a person, that right is said to accrue to the benefit of that person
To record revenues when earned and to record expenditures as soon as they result in liabilities for benefits received, notwithstanding that the receipt of cash or payment of cash may take place, in whole or in part, in another accounting period
To come to by way of increase; to arise or spring as a growth or result; to be added as increase, profit, or damage, especially as the produce of money lent
If money or interest accrues or if you accrue it, it gradually increases in amount over a period of time. I owed £5,000 -- part of this was accrued interest If you do not pay within 28 days, interest will accrue Officials say the options will offer investors a longer time in which to accrue profits. = accumulate
To increase, to augment; to come to by way of increase; to arise or spring as a growth or result; to be added as increase, profit, or damage, especially as the produce of money lent
grow by addition; "The interest accrues" come into the possession of; "The house accrued to the oldest son
If things such as profits or benefits accrue to someone, they are added to over a period of time. the expectation that profits will accrue. a project from which considerable benefit will accrue to the community