Cum-interest: Difference between revisions
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imported>Doug Williamson (Create page. Source: Cum interest page.) |
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Latest revision as of 13:34, 9 January 2019
1.
In relation to the transfer of a debt instrument, a transfer including the entitlement to receive the next interest payment.
2.
The normal basis of quoting prices for traded debt, which includes the entitlement to receive the next interest payment.
Also written cum interest.
