Definitions for "accrual bond"
Keywords:  coupon, cmo, zero, discount, bond
A bond that pays no coupons, is sold at a deep discount to its face value, and...
(1) Bonds that pay the investor an above-market coupon rate as long as a reference rate is between preset levels established at the time the security is issued. A type of structured note. Also called range bonds. (2) A type of CMO security that does not pay holders periodic interest in cash. Instead, periodic interest for these bonds is accrued. It is added to the principal amount due to the holder at a later date. See Z tranche.
Accrued discount Accrued market discount
Keywords:  hasn't, defined, term
This term hasn't been defined yet
Keywords:  class, see
See “Z Class