What is accrued interest?

Accrued interest is interest that has accrued on the Note 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. Please note that interest continues to accrue on Notes even if they are in default but ultimately whether or not this is paid is dependent on whether the underlying loan or bond eventually becomes impaired.

Capital at risk. No FSCS cover. See Risk Statement.