Business Dictionary :
Accredited, Accrual, Accrue, Accumulate and Accurate





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Accredited : adjective : (agent) who is appointed by a company to act on its behalf


Accrual : noun : gradual increase by addition


Accrual of Interest = automatic addition of interest to capital


Accrue : verb : to increase and be due for payment at a later date

• Interest accrues from the beginning of the month.

• Accrued interest is added quarterly.



Accrued Dividend = dividend earned since the last dividend was paid


Acct = account


Accumulate : verb : to grow larger by adding, to allow dividends to accumulate


Accumulated Profit = profit which is not paid as dividend but is taken over into the accounts of the following year


Accurate : adjective : correct

• The sales department made an accurate forecast of sales.

• The designers produced an accurate copy of the plan.



Accurately : adverb : correctly

• The second quarter's drop in sales was accurately forecast by the computer.


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