Accrued interest - Definition

Interest that is due on fixed income securities such as a bond since the last interest payment was made. For bond purchased on the secondary market interest is usually paid every six months though the interest accrues on a day-to-day Basis.

Terms near "Accrued interest"

Accumulated depreciation.
Accumulated dividend
Accumulated earnings
Accumulated earnings tax
Accumulation bond
Accumulation period
Accumulation unit
Accumulative Swing Index (ASI)
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