Accrual Bonds -- Bonds for which interest is accumulated and paid out at the time of maturity rather than at regular intervals. Also known as zero-coupon bonds. See also zero-coupon securities.
About the author
Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.