daycount
Definition
Convention according to which the number of days included in computing interest is determined. In the 30/360 convention, a month has 30 days and an year 360 days; an actual/360 convention means the actual number of days in a month but 360 days in an year, and an actual/actual convention means actual number of days both in the month and the year. See also exact interest and ordinary interest.
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daycount is in the Accounting & Auditing, Banking, Commerce & Finance and Investing subjects.
daycount appears in the definition of the following term: day
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