Clean Price


DEFINITION of 'Clean Price'

The price of a coupon bond not including any accrued interest. A clean price is the discounted future cash flows, not including any interest accruing on the next coupon payment date. Immediately following each coupon payment, the clean price will equal the dirty price.

Calculated as:

Clean Price


The country in which the coupon-paying bond is traded will influence how the bond is quoted. In America, it is the market convention to quote a bond in terms of its clean price; in other markets, bonds are more commonly quoted in terms of their dirty price.

  1. Range Accrual

    A form of interest accrual in which the coupon rate is only earned ...
  2. Bond Quote

    The price at which a bond is trading. A bond quote is typically ...
  3. Bond

  4. Coupon Bond

    A debt obligation with coupons attached that represent semiannual ...
  5. Accrued Interest

  6. Dirty Price

    A bond pricing quote referring to the price of a coupon bond ...
  1. Where can I buy government bonds?

Related Articles
  1. Mutual Funds & ETFs

    The Bond Market: A Look Back

  2. Retirement

    Bond Basics Tutorial

  3. Mutual Funds & ETFs

    The ABCs of Mortgage-Backed Securities ETFs

  4. Economics

    What Would Happen If Interest Rates Rise?

  5. Investing

    Strategies To Position Your Bond Portfolio

  6. Savings

    How To Make Money With Airbnb: Risks & Rewards

  7. Mutual Funds & ETFs

    Consider This High-Yield ETF's Risks and Rewards

  8. Investing

    What are Fixed-Income Securities?

  9. Mutual Funds & ETFs

    Top Emerging Markets Dividend ETFs

  10. Investing

    Reassessing Your Approach To Bond Investing


You May Also Like

Hot Definitions
  1. Fixed Cost

  2. Subsidy

  3. Sunk Cost

  4. Technical Skills

  5. Prepaid Expense

  6. Gordon Growth Model

Trading Center