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English definition of “accrued interest”

accrued interest

noun [U]     ACCOUNTING, FINANCE
interest for a particular period that has not been paid or received: The loan of $62,500 plus accrued interest was repaid in full in September. At any time after April 9, the bonds are redeemable at 100% of the principal amount, together with accrued interest.
(Definition of accrued interest noun from the Cambridge Business English Dictionary © Cambridge University Press)
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