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Accrued Interest
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| - | The interest accruing on a [[Security|security]] since the previous [[Coupon|coupon]] date. If a security is sold between two payment dates, the buyer usually compensates the seller for the interest accrued, either within the price or as a separate payment. | + | The [[Interest|interest]] that has accrued on a [[Security|security]] since the previous [[Coupon|coupon]] date. If a security is sold between two payment dates the buyer usually compensates the seller for the interest accrued, either within the price or as a separate payment. |
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| | See also: [[Simple Interest]] | | See also: [[Simple Interest]] |
Revision as of 11:14, 9 September 2009
The interest that has accrued on a security since the previous coupon date. If a security is sold between two payment dates the buyer usually compensates the seller for the interest accrued, either within the price or as a separate payment.
See also: Simple Interest