Interest
The amount of compensation for the use of borrowed money paid to the bondholders by the issuer or the borrower.
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
The amount of compensation for the use of borrowed money paid to the bondholders by the issuer or the borrower.
A meeting of all the parties prior to the closing, often held the day before the closing.