Accrued Interest

Interest that has been earned but not yet paid

Quoted separately from the "clean price"
The interest earned on a bond since the last coupon payment.
Accrued interest is the amount of interest that has been earned since the last interest payment date.
When a bond trades, the buyer pays the seller the accrued interest - a pro rata portion of the next interest payment, which will be paid to the buyer of the bond.

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