accrual bondglossary / accrual bond A bond — usu. the last collateralized-mortgage-obligation issue — from which no principal or interest payment will be made until any bonds issued earlier have been fully paid. — Also termed Z-bond. 词条贡献者 法律翻译玉晶,毕业于英国一流的高级翻译学院,专注翻译各类与通用数据保护条例有关的法律文件。