Accession is prominent in two legal practice areas; trusts and estates, and secured transactions.
- Accession in trusts and estates law are assets produced by a devised asset after the execution of a will.
- For example, ordinary repairs to a car become accessions, and merge into the principal thing.
- Accession in secured transactions law are goods that physically united with other goods in a way that does not lose the identity of the original goods.
[Last updated in June of 2022 by the Wex Definitions Team]