interest you have earned or incurred that is yet to be paid or charged.
periodically accumulated over time; "accrued interest"; "accrued leave"
On a closing statement, items of expense that are incurred but not yet payable, such as interest on a mortgage loan or taxes on real property.
To come to one as a gain, addition, or increment. djustable-rate mortgage (ARM): A mortgage that permits the lender to adjust the mortgage's interest rate periodically on the basis of changes in a specified index. Interest rates may move up or down, as market conditions change. This interest rate is generally less than a fixed rate mortgage, but can become higher in the future.