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Legal Definitions - unaccrued

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Definition of unaccrued

UNACCRUED

Unaccrued is an adjective used to describe something that is not yet due or owed. For example, rent on a lease that has not yet reached its due date is considered unaccrued.

  • John's rent is due on the first of every month. If it's currently the 15th, the rent for the next month is unaccrued.
  • Martha's car payment is due on the 25th of each month. If it's currently the 10th, the car payment for the next month is unaccrued.

These examples illustrate the definition of unaccrued by showing how something that is owed, such as rent or a car payment, is not yet due and therefore unaccrued.

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Simple Definition

Term: UNACCRUED

Definition: Unaccrued means that something is not yet due or owed. For example, if you have a lease on a property and the rent is unaccrued, it means that the rent payment is not yet due.

una voce | unalienable Read a random term: deferred-dividend insurance policy

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If the law is on your side, pound the law. If the facts are on your side, pound the facts. If neither the law nor the facts are on your side, pound the table.

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