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Also available:
World English Dictionary
Dictionnaire Français
accrual bond
ac·cru·al bond
(
plural
ac·cru·al bonds
)
noun
Definition:
bond that pays only at maturity:
a bond that is heavily discounted when sold and on which related interest is paid only at maturity
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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