|
Definition of Accrual bond
1. Noun. a fixed-interest bond that is issued at its face value and repaid at the end of the maturity period together with the accrued interest''Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor'' (by David L. Scott, 2003 Houghton Mifflin Company) at [ dictionary.com]. ¹
¹ Source: wiktionary.com