accrued_interest

accrued_interest represents the interest accumulated but unpaid since the last_payment_date and due at the next_payment_date.

Accrued interest is an accounting definition resulting from the accrual basis of accounting. Generally speaking, this should be the amount reported on the income statement and the balance sheet (as not yet been paid/received). In other words, it is income earned or expenses incurred but not yet recognised in the revenues.