accrual bond

  

Definition

Long-term (20 to 25 years) US corporate bond that does not pay periodic interest but instead accrues it until maturity and, although similar to a zero-coupon bond, has a specified coupon (interest) rate. Also called accretion bond or z-bond.

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accrual bond is...

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Accounting & Auditing
Banking, Commerce, Credit, & Finance
Securities & Futures Trading

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