ACCRUAL BOND Definition

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ACCRUAL BOND is a bond on which interest accrues, but is not paid out to the investor during the time of accrual; instead, the accrual interest is added to the amount of remaining principal and paid at maturity. Also known as an accretion bond or a Z-bond in a CMO issue. See Collateralized Mortgage Obligation.

Learn new Accounting Terms

APE is Account Period Ending (Normally followed by the date the accounting period ends). See also Accounting Period.

NEW PENCE is a currency of United Kingdom (military issues).

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