meaning of accrued interest
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In finance, accrued interest is the interest on a bond or loan that has accumulated since the principal investment, or since the previous coupon payment if there has been one already. For a financial instrument such as a bond, interest is calculated and paid in set intervals.
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Accrued interest is the amount of interest earned on a debt, such as a bond, but not yet collected. Interest accumulates from the date a loan is issued or when a bond's coupon is made. A bond represents a debt obligation whereby the owner (the lender) receives compensation in the form of interest payments.
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