UK Accounting Glossary
In accounting, accretion is the change in the price of a bond bought at a discount to the par value of the bond.
Accretion is an increase in the value of an asset as a result of physical changes (e.g. a growing crop), as opposed to an increase in value pertaining to changes in it’s price on the market.
The public sector continued to grow through a process of bureaucratic accretion financed by economic growth.
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This glossary post was last updated: 27th January 2019.