Accrued Interest
Allocates coupon interest between seller and buyer at settlement.
Formula
Variables: Coupon payment; Accrual fraction under day-count convention
What it means
Allocates coupon interest between seller and buyer at settlement.
Example
If half of a coupon period has accrued on a 3-unit coupon, accrued interest is approximately 1.5 before convention adjustments.
How to interpret it
This concept should be read together with its market convention, measurement horizon and underlying instrument. BondStats presents it as an analytical reference rather than investment advice; instrument documentation and primary market rules remain authoritative.
Related Formulas
BondStats reference content is independently written. Mathematical relationships, abbreviations and market conventions are presented for educational and analytical use.