clean price

clean price
bond price excluding accrued interest. Bloomberg Financial Dictionary
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The price of the bond excluding the interest accrual. The underlying capital value of the bond. Bond prices are usually quoted on a clean basis. The actual price paid will be the clean price with an interest accrual adjustment. This total price is known as the dirty price. Dresdner Kleinwort Wasserstein financial glossary
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The price of a bond not including the accrued-interest element. Exchange Handbook Glossary

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   Basically, this is the quoted price of a bond, but its correct definition is the present value of the cash flow of a bond excluding accrued interest.
   ► See also Dirty Price.

Financial and business terms. 2012.

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