Accrue - sustany/dvg GitHub Wiki

Accrue has two common definitions:

• The accumulation of�interest, income, or expenses.
• When a legal�cause of action�or legal�claim�comes into existence.
  • The U.S. Supreme Court in�Wallace v. Kato, 549 U.S. 384, 388 (2007), stated that a claim accrues �when the plaintiff has a complete and present cause of action.� The term often comes up in the context of�statutes of limitations�for�tort�claims. For example,�California Government Code � 911.2�states, �[a] claim relating to a cause of action for death or for injury to person or to personal property for growing crops shall be presented . . . not later than six months after the accrual of the cause of action.�
  • In the context of�bankruptcy, the bankruptcy court must consider whether the debtor�s claim accrued, thereby making it an�asset�of the debtor�s�estate.