Meaning of the word accruing in English

What does accruing mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

accruing

US /əˈkruːɪŋ/
UK /əˈkruːɪŋ/

Verb

to accumulate or receive (payments or benefits) over time

Example:
Interest will be accruing on the account daily.
The benefits of the new policy are slowly accruing.