| 释义 |
American Corporate Accrual Receipts American Corporate Accrual ReceiptsAlso called ACARS, a corporate bond whose coupons have been separated from the principal. ACARS therefore pay no interest. They are sold at a significant discount from par and mature at par. ACARS fluctuate in price, sometimes dramatically, because changes in interest rates make them more or less desirable. See also: zero-coupon bond, STRIPS. |