ACT/365: Difference between revisions
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imported>Doug Williamson (Distinguish from ACT/365 fixed.) |
imported>Doug Williamson (Expand.) |
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A day count convention which calculates actual days over the actual number of days in a year. | A day count convention which calculates the actual days in a time period over the actual number of days in a calendar year. | ||
In a normal year, this will be 365 days. | In a normal year, this will be 365 days. |
Revision as of 18:51, 28 November 2015
A day count convention which calculates the actual days in a time period over the actual number of days in a calendar 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.