accrued interest

Definitions

Accounting

Forex

  • Interest that is due on a bond since the last interest payment was made. Interest payments on bonds are usually made every six months, but interest is accrued by bondholders on a daily basis. Accrued interest is the amount of interest that has accrued but has not been paid.
http://www.dictionarycentral.com/definition/accrued-interest.html