Accrued interest

Interest a bond has earned since its last coupon but not yet paid out. Buyers pay it to sellers on top of the quoted ("clean") price — the all-in amount is the "dirty" price.

Where Accrued interest is explained in depth

The definition above is the short version. These pages put it to work, in the order they use it most:

Calculators that compute it

Terms this definition uses

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