Accrual Date
/ˈækruːəl deɪt/
Definitions
- (n.) The date on which rights or obligations are recognized to begin, typically for accounting, legal, or tax purposes.
The interest is calculated based on the accrual date specified in the contract.
Forms
- accrual date
- accrual dates
Related terms
See also
Commentary
In legal and financial documents, accuracy in specifying the accrual date is crucial to determine the timing of rights, duties, or financial impacts.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.