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Z bond

• Also known as an accrual bond or accretion bond; a bond on which interest accretes interest but is not paid currently to the i nvestor but rather is accrued, with accrual added to the principal balance of the Z and becoming payable upon satisfaction of all prior bond classes.

 
 

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 Embedded terms in definition
 Accrual bond
Bond
Interest
Principal
Z
 
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<< Z Z or accrual bond >>

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