American Corporate Accrual Receipts

American Corporate Accrual Receipts definition - finance
The coupon, or interest payments, of corporate bonds that have been separated from the principal payments. It is the corporate bond equivalent of STRIPS, which are U.S. Treasury bonds whose interest payments have been stripped from the principal payments.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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