Accrued Interest

Accrued Interest
Accrued interest or accrued income refers to interest or other income that has been earned but not yet received by the entity. It accumulates periodically and is recorded in the financial statements as interest receivable or accrued income.
Income Bond
An Income Bond is a type of debt security where the payment of interest is contingent upon the issuer having sufficient earnings over a year. These bonds do not accrue interest and are used to prevent bankruptcy.

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