and interest
Definition
Term used in quoting bond prices to indicate that the asked price does not include the interest accrued to-date on the bond. Therefore, the buyer will receive the accrued interest in addition to the bond's par value on its maturity.
and interest is in the Accounting & Auditing, Investing and Securities & Futures Trading subjects.
and interest appears in the definitions of the following terms:
social responsibility,
apportionment,
occupational therapy,
risk,
mortgage backed passthrough security,
executed trust,
serial annuity bond,
project financing,
principal, interest, taxes, and insurance (PITI),
mortgage amortization schedule
and
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