accrual bond
Noun
Meaning
accrual bond (plural accrual bonds)
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.
Noun
accrual bond (plural accrual bonds)
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.