dirty price

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Dirty price

Bond price including accrued interest, i.e., the price paid by the bond buyer.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Dirty Price

The price of a coupon bond that includes the present value of all future cash flows. That is, a dirty price is the price of a bond plus the interest that accrues between coupon payments. Therefore, the dirty price of a bond gradually increases between coupon payments, then retreats immediately after a coupon payment. Many European exchanges use the dirty price when quoting bond prices.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

dirty price

The price of a bond including accrued interest. Compare clean 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.
References in periodicals archive ?
(8.) Unlike more imprecise methods like Chambers et al (1984) who computed interest accrued to the nearest quarter, dirty prices used in this study were precise to the day.
they are quoted free from any accrued coupon in order to facilitate yield comparisons but the actual sale is on the basis of the dirty price, i.e.
Venture, touting its "down and dirty prices on Hoover Vacs," offered consumers perusing its Nov.