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TeachMeFinance.com Accumulation Bond -- Term sometimes employed for a bond brought out at an Original Issue Discount (OID) with accrued interest being paid upon maturity. Also called Accrual Bonds and Discounted Bonds but very different from Discount Bonds, which are transacted below face value and pay out interest on a periodic basis. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.