Z bond - Also known as an accrual bond or accretion bond; a bond on which interest accrues interest but is not paid currently to the investor but rather is accrued, with accrual added to the principal balance of the Z and becoming payable upon satisfaction of all prior bond classes.
Z bond : also known as an accrual bond or accretion bond; a bond on which interest accrues interest but is not paid currently to the investor but rather is accrued, with accrual added to the principal balance of the z and becoming payable upon satisfaction of all prior bond classes.
Z bond