Accretion

英文名称：Accretion 中文名称：增值
"金融市场上，增值是指金融工具因其价格上涨而引起的价值的增加。
e.g. Operating costs exclude accretion, which is included in the administration expenses ."

1. Asset growth through addition or expansion. 

2. In reference to discount bonds, it describes the accumulation of value until maturity. 

1. Accretion can occur through a company's internal development or by way of mergers and acquisitions. 

2. Bonds at discount are sold below face value and mature at par. In the duration between the bond's issuance and maturity, no additional value is actually being accumulated within the bond but accretion occurs with the paper or implied capital gain.