clean price

(redirected from Clean Prices)

Clean price

Clean Price

The price of a coupon bond that does not include any interest that accrues. That is, a clean price is the price of a bond discounting future cash flows. Because the dirty price does include interest between coupon payments, the dirty price and the clean price will equal each other only immediately following a coupon payment. Most American exchanges use the clean price when quoting bond prices.

clean price

The price of a bond without accrued interest. Compare dirty price.

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

Mentioned in ?

References in periodicals archive ?

The index of sovereign bond clean prices Cbonds-GBI RU PI declined from 110.43 to 107.30 during the month.

UFS Investment Company - Monthly Review - May in Ruble Market - End of Correction Favours Buying in June, Jun 7, 2013

``Added to this is the problem of vendors, such as fleet and contract hire disposers, insisting on achievingCAP Clean prices for cars which are closer to CAP Average condition.

Motoring: Brakes put on borrowing for high-mileage cars; PRICES: Finance houses change attitude as second-hand market suffers from oversupply