Thursday, May 05, 2005

Accumulation definition

n. (1) The act of gathering or amassing, as into a heap or pile. (2) The process of growing into a large amount or heap. (3) The amount that has accumulated or been accumulated. (4) An increase by natural growth of addition (accretion.) (5) several things grouped together or considered as a whole (collection, aggregation, assemblage.) (6) The purchase of a particular security throughout a period of time. For example, the accumulation of a substantial quantity of stock by a portfolio manager may take place over a period of several weeks or months in order to avoid driving up the price of the stock. (7) Increase or growth by addition especially when continuous or repeated. (8) An increase in the amount of a fund or property by the continuous addition to it of the income or interest it generates - to treat a stock dividend as principal when local law classifies it as incoem my be deemed an accumulation.

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