accretion

accretion
ac·cre·tion /ə-'krē-shən/ n
1: the process or a result of growth or enlargement: as
a: the increase or extension of the boundaries of land or the consequent acquisition of land accruing to the owner by the gradual or imperceptible action of natural forces (as by the washing up of sand or soil from the sea or a river or by a gradual recession of the water from the usual watermark); also: accession in which the boundaries of land are enlarged by this process compare avulsion, reliction
b: increase in the amount or extent of any kind of property or in the value of any property
accretion s to a trust fund resulting from the increase in value of...securities in which its corpus is investedIn re Estate of Gartenlaub, 244 P. 348 (1926)
◇ Accretion in value of the principal of a trust is generally not considered income.
c: enlargement of a bargaining unit by the addition of new employees
2 in the civil law of Louisiana: the passing to an heir or conjoint legatee of the right to accept a portion of a succession resulting from the failure of a coheir or colegatee to take his or her own share

Merriam-Webster’s Dictionary of Law. . 1996.

accretion
I noun addition, advance, annexation, augmentation, enlargement, extension, gain, growth, increment II index accession (enlargement), boom (increase), collection (accumulation), compilation, cumulation, development (progression), increment

Burton's Legal Thesaurus. . 2006


accretion
n.
(1) Growing or adding on to something; typically used to describe natural growth such as the accumulation of sediment at the mouth of a river.
(2) Income to a trust that comes from some unusual source.
(3) The right of heirs and legatees to claim the property of any other heir or legatee who refuses to accept it or dies before inheriting.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


accretion
1. the natural increase in the area of land by accumulation of soil and the like. In Scotland the Roman term alluvio is used for the same concept.
2. in Scotland, the term used in conveyancing to denote the fortification of a title by subsequent acquisition of ownership.

Collins dictionary of law. . 2001.


accretion
An out-of-the-ordinary increase in property that goes to the property owner. In real estate, accretion is an increase in land that results from the deposit of soil by a river or ocean. Accretion also occurs when someone who inherits assets receives more than expected because another beneficiary dies or doesn't accept a share, or when trust assets increase due to some unexpected and unusual event. (See also: alluviation)
Category: Real Estate & Rental Property → Homeowners
Category: Wills, Trusts & Estates → Estates, Executors & Probate Court

Nolo’s Plain-English Law Dictionary. . 2009.


accretion
n.
1 In property law, the gradual increase in land through natural processes; for example, the creation of land caused by the deposit of sediment on a shoreline of a river or ocean. The new land becomes the property of the owner of the property to which it is attached.
2 In succession law, the increase in an heir or legatee's interest in property when a co-heir or co-legatee dies before the property vests, rejects his inheritance or legacy, fails to comply with a condition to be met before vesting, or otherwise becomes incapable of taking the property.

Webster's New World Law Dictionary. . 2000.


accretion
The act of adding portions of soil to the soil already in possession of the owner by gradual deposition through the operation of natural causes. The growth of the value of a particular item given to a person as a specific bequest under the provisions of a will between the time the will was written and the time of death of the testator—the person who wrote the will.

Dictionary from West's Encyclopedia of American Law. 2005.


accretion
I
The act of adding portions of soil to the soil already in possession of the owner by gradual deposition through the operation of natural causes.
 
The growth of the value of a particular item given to a person as a specific bequest under the provisions of a will between the time the will was written and the time of death of the testator—the person who wrote the will.
II The increase or accumulation of land by natural causes, as out of a lake or river.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

accretion
n.
   1) in real estate, the increase of the actual land on a stream, lake or sea by the action of water which deposits soil upon the shoreline. Accretion is Mother Nature's little gift to a landowner.
   2) in estates, when a beneficiary of the person who died gets more of the estate than he/she was meant to because another beneficiary or heir dies or rejects the gift. Example: if a brother and sister were supposed to divide a share of Dad's estate, but brother doesn't want it, then sister's share grows by accretion.
   3) in trusts, accretion occurs when a beneficiary gets a surprising increase in benefits due to an unexpected event.
   See also: probate, trust

Law dictionary. . 2013.

Игры ⚽ Поможем сделать НИР
Synonyms:
(by accession of parts), , / , / (of soil, as at the mouth of a river)


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