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Accrual Rate |
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Accrual Rate The interest rate that is charged on a loan or bond but is not paid until a later date. For example, if one pays the interest on one's mortgage every month, the accrual rate is the interest rate charged to the principal of the mortgage each day of a month until the payment is made. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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