clean price

Get Babylon's Translation Software! Free Download Now!
Babylon 8 - Your all-in-one solution
Award winning translation software trusted by millions. Translate from any language to any language.
View Demo


Wikipedia English The Free EncyclopediaDownload this dictionary
Clean price
In finance, the clean price is the price of a bond excluding any interest that has accrued since issue or the most recent coupon payment. This is to be compared with the dirty price, which is the price of a bond including the accrued interest.When bond prices are quoted on a Bloomberg Terminal or Reuters they are quoted using the clean price. Given the quotes, traders tend to think of bonds in terms of their clean prices.Clean prices are more stable over time than dirty prices – when clean prices change, it is for an economic reason, for instance a change in interest rates or in the bond issuer's credit quality.
See more at Wikipedia.org...

This article uses material from Wikipedia® and is licensed under the GNU Free Documentation License

Campbell R. Harvey's Hypertextual Finance DictionaryDownload this dictionary
Clean price
Bond price excluding accrued interest.
 
Flat price (also clean price)
The quoted newspaper price of a bond that does not include accrued interest. The price paid by purchaser is the full price.

European Central Bank DictionaryDownload this dictionary
clean price
The transaction price excluding any rebate/accrued interest, but including any transaction costs that form part of the price.

Copyright © 2006, European Central Bank, Frankfurt am Main, Germany. This information may be obtained free of charge through the ECB's website.

Define clean price

Translate clean price





| clean price in Spanish