In finance, accrued Interest is the interest that has accumulated since the principal investment, or since the previous interest payment if there has been one already. For a financial instrument such as a bond, interest is calculated and paid in set intervals. Accrued income is an income which has been accumulated or accrued irrespective to actual Receipt, which means event occurred but cash not yet received.
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“... we Northerners have become too much driven by the idea that in twenty years we will live, not now: because by that time our savings and the accrued interest will make it possible.”
—Brenda Ueland (1891–1985)
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