NON-INTEREST BEARING BOND Definition

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NON-INTEREST BEARING BOND is a bond issued at a discount from its par value and not paying any interest to the holder. The interest earned is determined by the difference between the redemption price and the purchased price. U.S. Treasury bills are an example of non-interest bearing bonds.

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ASRs is Accounting Series Releases.

ACCRUED INCOME is income earned during a fiscal period but not paid by the end of the period.

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