Interest
The amount of compensation for the use of borrowed money paid to the bondholders by the issuer or the borrower.
bond-basics
Accrued Interest
The dollar amount of Interest due on a Bond, computed at that Bond’s Interest Rate, from the last Interest Payment Date to the date of calculation.
See Also
Start with the Bond Basics
Term of the Week
Pre-Closing
A meeting of all the parties prior to the closing, often held the day before the closing.