Clean price: related pages
Accrued interest
The amount of interest accumulated on a bond but not yet paid.
Days convention
An assumption made to simplify the calculation of accrued interest by rounding the number of days in a year or month.
Dirty price
The dirty price of a bond is the actual amount paid to buy a bond. Unlike the clean price it is not adjusted for accrued interest.
Principal
1) The amount of a loan (or bond) excluding interest, 2) An entity for whom an agent acts.
Copyright Graeme Pietersz © 2005-2019
