verb Accrued is the past tense of the verb accrue, which means to accumulate or increase over time.
Accrued damages are compensatory damages that have accumulated over time as a result of a breach of contract or other legal issue.
Accrued interest refers to interest that has been earned but not yet paid or received.
Accrued expenses are costs that have been incurred but not yet paid, recorded as liabilities on a company's balance sheet.
Accrued revenue is revenue that has been earned but not yet received, typically recorded as an asset on a company's balance sheet.
In the context of a writer, 'accrued' may be used to describe the accumulation of ideas, experiences, or knowledge over time that can be used in their writing.
A psychologist may use 'accrued' to refer to the gradual accumulation of data, research findings, and clinical experience in their field.
For an accountant, 'accrued' is often used in reference to accrued expenses or accrued revenue, which are amounts that have been incurred but not yet paid or received.
In project management, 'accrued' can be used to describe the accumulation of costs or resources over the duration of a project.
Lawyers may use 'accrued' to refer to the accumulation of legal precedents, case law, and experience in their practice.