1. Accrued Interest: The amount that was earned by the seller since the last coupon payment was made.
2. Full/Dirty Price: The agreed upon price plus accrued interest.
3. Clean price. The agreed upon price without accrued interest.
4. Trading cum-coupon: A bond in which the buyer must pay the seller accrued interest is said to be trading "with coupon."
5. Trading ex-coupon: A bond in which the buyer forgoes the next coupon payment, it is said to be trading "without coupon" or ex-coupon.
6. Traded Flat: When the issuer has not fulfilled its promise to make the periodic interest payments, issuer is said to be in default and bond buyer is not required to pay accrued interest.
2. Full/Dirty Price: The agreed upon price plus accrued interest.
3. Clean price. The agreed upon price without accrued interest.
4. Trading cum-coupon: A bond in which the buyer must pay the seller accrued interest is said to be trading "with coupon."
5. Trading ex-coupon: A bond in which the buyer forgoes the next coupon payment, it is said to be trading "without coupon" or ex-coupon.
6. Traded Flat: When the issuer has not fulfilled its promise to make the periodic interest payments, issuer is said to be in default and bond buyer is not required to pay accrued interest.
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