In finance, a range accrual is a type of derivative product very popular among structured-note investors. It is estimated that more than USD 160 billions of Range Accrual indexed on interest rates only have been sold to investors since 2004. It is one of the most popular non-vanilla financial derivatives. In essence the investor in a range accrual is betting that interest rates will stay within a predefined range.
Read more about Range Accrual: Payoff Description, Valuation and Risks, Market
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“Viewed freely, the English language is the accretion and growth of every dialect, race, and range of time, and is both the free and compacted composition of all.”
—Walt Whitman (1819–1892)