The process of increasing the cost basis of an original issue discount bond.
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.
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.