accrual bond

English

Etymology

accrual + bond

Noun

accrual bond (plural accrual bonds)

  1. A fixed-interest bond that is issued at its face value and repaid at the end of the maturity period together with the accrued interest.[1]

Synonyms

References

  1. ^ Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor (by David L. Scott, 2003 Houghton Mifflin Company) at dictionary.com
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