ACT/365: Difference between revisions
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imported>Doug Williamson (Link with ACT/365 fixed page and differentiate from ACT/365 fixed.) |
imported>Doug Williamson (Distinguish from ACT/365 fixed.) |
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This convention is also known as ACT/ACT, because the denominator is the actual number of days in the year. | |||
This convention is also sometimes known as ACT/365 actual, or ACT/365 A. | |||
Not to be confused with [[ACT/365 fixed]]. | |||
Revision as of 18:50, 28 November 2015
A day count convention which calculates actual days over the actual number of days in a year.
In a normal year, this will be 365 days.
In a leap year it is 366 days.
This convention is also known as ACT/ACT, because the denominator is the actual number of days in the year.
This convention is also sometimes known as ACT/365 actual, or ACT/365 A.
Not to be confused with ACT/365 fixed.
