accrual bond

Noun.  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''Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor'' (by David L. Scott, 2003 Houghton Mifflin Company) at [http://dictionary.reference.com/browse/zero-coupon%20bond dictionary.com].

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This entry was last updated on RefTopia from its source on 3/20/2012.