Study for Success: Series 7 Glossary

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  1. Accretion
    The process of increasing the cost basis of an original issue discount bond.
  2. Accrued Interest
    Represent interest that has accrued from the last interest payment date and the sale of the bond. The buyer of the bond pays accrued interest to the seller.
  3. Accumulation Unit
    An accounting measure, used to determine a variable annuity contract owner's interest in the separate account of securities. Accumulation units are converted into annuity units when the accumulation period ends and the annuity period begins.
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Study for Success: Series 7 Glossary
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Series 7 Glossary
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