wex definitions

accretion

Accretion, in law, usually refers to the slow addition of land next to water due to the water’s movement or the increase of beneficiary’s share of a trust due to the actions of another beneficiary.

Accretion from natural...

accrual method of accounting

Accrual method of accounting is the method used by most large businesses in reporting their liabilities and expected income. The accrual method requires businesses to report all economic transactions, whether liabilities or income “when all...

accrue

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...

accumulated earnings

Accumulated earnings represent a company’s net profit after having distributed dividends to the stockholders. It is often used in accounting to determine how much net profits a company has left after having paid dividends. To calculate...

accumulation trust

Accumulation trust is a type of see-through trust that allows withdrawals to be made or kept within the trust. See-through trusts are established by people with individual retirement accounts (IRA) so that the assets in their IRAs are...

accusation

An accusation is informally stating that a person has committed an illegal or immoral act. An accusation is also formally charging a person with a crime either by a prosecuting attorney filing charges against or through a grand jury...

accusatory instrument

An accusatory instrument, similar to a criminal complaint, is a document which formally accuses a defendant of a criminal offense. Generally, this document must be signed by a party who has knowledge that the alleged criminal conduct took...

accused

"Accused" is a person who has been arrested for or formally charged with a crime. It is a generic name for the defendant in a criminal case.

This case from Tennessee, explains that a person becomes "accused" for purposes of...

acknowledge

1) To accept, recognize, confirm, or admit the existence or truth of something.

2) To validate an identity or claim.

3) To authenticate an instrument or writing by declaration or statement under oath by...

acknowledged father

The acknowledged father is the admitted biological father of a child born to an unmarried couple. It refers to the person who has admitted to being the father of the child. The admission may be made by signing a voluntary written...

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