Dirty Price


DEFINITION of 'Dirty Price'



Accrued interest is earned when a coupon bond is currently in between coupon payment dates. As the next coupon payment date approaches, the accrued interest increases until the coupon is paid. Immediately following the coupon payment, the clean price and dirty price will be equal.

The dirty price is sometimes called the "price plus accrued". The clean price is quoted more often in the United States.

  1. Bond

  2. Coupon Bond

    A debt obligation with coupons attached that represent semiannual ...
  3. Bearer Form

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  4. Clean Price

    The price of a coupon bond not including any accrued interest. ...
  5. Accrued Interest

    1. A term used to describe an accrual accounting method when ...
  6. Zero-Coupon Bond

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