Please forward this error screen to 75. Please forward factors for investing surplus cash in marketable securities error screen to 185.

The current value of a zero coupon municipal bond, taking into account interest that has been accumulating and automatically reinvested in the bond. Often the last tranche in a CMO, the accretion bond, or Z-tranche, receives no cash payments for an extended period of time until the previous tranches are retired. While the other tranches are outstanding, the Z-tranche receives credit for periodic interest payments that increase its face value but are not paid out. Often the last tranche in a CMO, the accrual bond or Z-tranche receives, no cash payments for an extended period of time until the previous tranches are retired. Interest deemed to be earned on a security but not yet paid to the investor.