The word "accrual" refers to the process of gradually accumulating or gathering something, such as money, benefits, or debts, over a certain period of time. It describes the act of adding or increasing something gradually over time. Full definition
In case you fail to not declare the interest on accrual basis, then the entire interest earned (difference between the maturity value and the amount deposited) would gather in the year of maturity. (policybazaar.com)
The rate of accrual for Hilton HHonors ™ points are generally greater than the other cards on this list. (lendedu.com)
Borrowers pay more over the life of the loan repayment because of interest accrual in the years when payments are lower. (studentloans.net)