Accrual bond

Template:More citations needed Template:Dicdef An accrual bond is a fixed-interest bond that is issued at its face value and repaid at the end of the maturity period together with the accrued interest.<ref name="o782">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> However, another definition states that the interest periods maybe paid periodically.<ref name="n611">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

In Germany, the accrued interest is compounded.<ref name="m391">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

In contrast to zero-coupon bonds, accrual bonds have a clearly stated coupon rate.