Term
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Definition
| Interest earned between the most recent interest payment and the present date but not yet paid to the lender |
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Term
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Definition
| An actual physical commodity someone is buying or selling, e.g., soybeans, corn, gold, silver, Treasury bonds, etc. |
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Term
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Definition
| A method of paying interest where the interest is added onto the principal at maturity or interest payment dates. |
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Term
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Definition
| The cash-price equivalent reflected in the current futures price. This is calculated by taking the futures price times the conversion factor for the particular financial instrument (e.g., bond or note) being delivered |
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