dirty price


Dirty price

Bond price including accrued interest, i.e., the price paid by the bond buyer.

Dirty Price

The price of a coupon bond that includes the present value of all future cash flows. That is, a dirty price is the price of a bond plus the interest that accrues between coupon payments. Therefore, the dirty price of a bond gradually increases between coupon payments, then retreats immediately after a coupon payment. Many European exchanges use the dirty price when quoting bond prices.

dirty price

The price of a bond including accrued interest. Compare clean price.