Accrued Interest

英文名称：Accrued Interest 中文名称：应计利息
指证券自上次付息日以来所累积的利息，须由证券的买方支付给卖方。如果证券在两个利息支付日之间出售，则买方通常要以在买价中包含应计利息或单独支付利息等方式补偿卖方。 
e.g. Before July 1, the bank calculated the value of the securities based on the purchase price and the accrued interest.

1. A term used to describe an accrual accounting method when interest that is either payable or receivable has been recognized, but not yet paid or received. Accrued interest occurs as a result of the difference in timing of cash flows and the measurement of these cash flows.

2. The interest that has accumulated on a bond since the last interest payment up to, but not including, the settlement date.

1. For example, accrued interest receivable occurs when interest on an outstanding receivable has been earned by the company, but has not yet been received. A loan to a customer for goods sold would result in interest being charged on the loan. If the loan is extended on October 1 and the lending company's year ends on December 31, there will be two months of accrued interest receivable recorded as interest revenue in the company's financial statements for the year.

2. Accrued interest is added to the contract price of a bond transaction. Accrued interest is that which has been earned since the last coupon payment. Because the bond hasn't expired or the next payment is not yet due, the owner of the bond hasn't officially received the money. If he or she sells the bond, accrued interest is added to the sale price.

下一个票息在今日的累计值（但是还未付），换句话说，这是债券自从上个票息起累计的利息。

The current value of the earned portion of the next coupon payment due (but not yet paid) on a transaction or, in other words, the interest that has accumulated on a bond since the last coupon payment at any point up to but not including the valuation date.