accrued interest
n.
Interest due on the principal.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


accrued interest
The interest being earned or accruing day to day on a loan or similar financial instrument. When the loan is repaid, the price payable will equal the aggregate of the value of the loan plus any interest which has been earned on the loan but not yet been paid.
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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