Series 7: “and Interest”

Taken from our Series 7 - General Securities Representative Exam

Definition of the term “and Interest”...

a descriptor used to indicate that a bond’s purchase price will include its quoted (clean) price plus any accrued interest since the last payment date.

Since you're reading about Series 7: “and Interest”, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 7
Please Enable Javascript
to view this content!