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Glossary of Financial & Economic Terms |
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Glossary of Financial & Economic Terms |
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Accrual bond T
An accrual bond is 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. In Germany, the accrued interest is compounded.
source http://en.wikipedia.org/wiki/Accrual_bond
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