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  2. Share Prices
  3. Finance Glossary
  4. Terms Beginning With A
  5. Automatic Accrual

Automatic Accrual

Definition of 'Automatic Accrual'

An agreement under which a deceased partner’s share passes automatically to the surviving partners. The partners agree to insure their lives for their shares in the value of the business.

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Related Terms

Accrual RateAccrualActual/ActualAutomatic StabilisersAutomatic StabilizersElectronic Funds Transfer at a Point of Sale

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