The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

CLEAN PRICE Definition & Legal Meaning

Definition & Citations:

Securities market term. A price of a bond that excludes the interest accrued on the bond. Price et al is quoted and documented. However, a buyer must pay the quoted price plus the accrued interest, called the dirty price, to purchase the bond. Prominent in the UK and elsewhere, but not in the US.

Disclaimer

This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.