Clean price (also used in German; more rarely, net transaction price)

In the case of a financial instrument in general and a bond in particular, the current price without accrued interest, i.e. without calculating the interest accrued in the meantime (transaction price excluding any rebate/accrued interest, but including transaction costs). If the interest is included in the calculation, the price is referred to as the dirty price.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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