incurred vs. accrued

incurred

adjective

  1. (of a usually undesirable consequence) experienced or brought upon oneself:

    The report did not reveal the exact number of disaster-affected families or the value of their incurred losses.

verb

  1. the simple past tense and past participle of incur ( def ).

accrued

adjective

  1. added as a matter of periodic gain or advantage, as interest on money:

    Each year, grants from the accrued interest on the trust fund are awarded to agencies and programs serving the Navajo Nation.

  2. happening or coming as or through a natural growth or addition; accumulated:

    The handmade ornaments speak of generations of accrued skill and a high degree of workmanship.

  3. Law. noting a right or demand that has become present and enforceable:

    Termination will not affect the accrued rights of either party under this Agreement.

verb

  1. the simple past tense and past participle of accrue ( def ).