Definition, Meaning & Synonyms
accruement
Noun
/əˈkruːmənt/
Definition
The process of accumulating or increasing, especially in terms of financial benefits or interest.
Examples
- The accrument of interest in a savings account can significantly increase your total savings over time.
- In accounting, the accrument of revenue is recorded to reflect income that has been earned but not yet received.
Meaning
Accruement refers to the gradual accumulation of something, typically in a financial context, such as interest on a loan or benefits over time.
Synonyms
- Accumulation
- Increase
- Growth
- Amassment
- Advancement
