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An indication that the buyer will receive accrued interest in addition to the price quoted for a bond.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
A promise that a bond buyer will receive the interest that has accrued since the last coupon payment if he/she buys the indicated bond. This ordinarily increases the price by the amount of that interest.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved