Accrued Interest
Aidan Hamade avatar
Written by Aidan Hamade
Updated over a week ago

Interest that has accumulated but has not yet been paid.

Interest accrues from the date the last interest payment was made until it is paid at the next interest payment date.

When you purchase a Fractional Bond you pay the seller the accrued interest up to the date of the purchase. Since you will receive the full coupon at the next interest payment date, you will have earned interest based on how long you have held the Fractional Bond.

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