​When does accrual of interest occur?

Interest will accrue at different accrual periods as contractually agreed between the parties, that is, either monthly, bi-monthly, quarterly etc. For example, where it is contractually agreed that interest will accrue on a quarterly basis and be paid at the end of that quarter then the interest only becomes due and payable at the end of that quarter.
Last Updated: 13/05/2015 11:33 AM     print this page
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