Accrued interest


Accrued interest
  An ISO term. The interest that has been earned but not yet been paid. The number of days, when needed (for example in case of bonds), the currency code, and the amount of accrued interest to be added or to be deducted. [3n] 3a 15d.
  Interest due but not yet paid or received as from the last interest settlement date. Interest earned but not yet due and payable. In the securities market, for instance, the bond buyer pays the seller the agreed price of the bond plus interest accrued since the last interest payment date up to and including the value date. The same calculations are also used in swap product transactions.
  See also Applied, Fee and Accrued fee.

International financial encyclopaedia . 2014.

Look at other dictionaries:

  • accrued interest — Interest earned between the most recent interest payment and the present date but not yet paid to the lender. Chicago Board of Trade glossary Interest that has been earned but not yet paid. For example, the interest earned by a bondholder between …   Financial and business terms

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  • Accrued interest — In finance, accrued interest is the interest that has accumulated since the investment, or since the previous interest payment if there has been one already. For a financial instrument such as a bond, interest is calculated and paid in set… …   Wikipedia

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  • Accrued interest — The accumulated coupon interest earned but not yet paid to the seller of a bond by the buyer (unless the bond is in default). The New York Times Financial Glossary * * * accrued interest accrued interest ➔ interest * * *    The interest accruing… …   Financial and business terms

  • accrued interest — noun : interest earned since last settlement date but not yet due or payable * * * interest accumulated at a given time but not yet due or paid. * * * accrued interest, interest that has accumulated at a given time but has not yet been paid …   Useful english dictionary

  • accrued interest — /əˌkru:d ɪntrəst/ noun interest which has been earned by an interest bearing investment ● Accrued interest is added quarterly …   Dictionary of banking and finance

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  • accrued interest — accumulated interest, interest which has built up over a period of time …   English contemporary dictionary

  • accrued interest — /əkrud ˈɪntrəst/ (say uhkroohd intruhst) noun the amount of interest accumulated at a given time but not yet paid (or received) …   Australian English dictionary