Harness Money

Accrued interest refers to the amount of interest that has been earned but not yet paid or received. It typically applies to financial instruments such as bonds, loans, or savings accounts. When interest accrues, it means that it is accumulating over time based on the applicable interest rate and the length of time the investment or loan has been active. The accrued interest is often paid or received at regular intervals or upon maturity of the financial instrument.