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Accrued Interest

Applying mainly to convertible securities, interest that has accumulated between the most recent payment and the sale of a bond or other fixed-income security.

Related Terms:

Convertible Securities
Convertible securities can be exchanged or converted into common shares. Examples are convertible preferred stock, convertible ...

A debt obligation issued by a government (i.e., Treasury bond) or corporation (i.e., corporate bond) that ...

Refers to the annual interest on a bond divided by the market price of that bond. ...

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