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Financial Dictionary
interest adjustment
Extra proceeds going to an investor who submits a convertible bond for conversion to account for interest accrued since the last date of record for an interest payment.
Also called
adjustment
.
Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Lower Mortgage Payment
Successful Loan Modifications Free Consultation. 201-669-4262
www.MoneyManagersLlc.com
Today's Interest Rates
Search 100s of Bank Rates, CDs, Mortgages, More! Plus Tips, Advice.
www.Bankrate.com
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