ACT/365: Difference between revisions
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imported>Doug Williamson (Expand.) |
imported>Doug Williamson (Note ACT/ACT expressly.) |
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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 known as ACT/ACT, because the denominator is the actual number of days in the year. | ||
The ACT/ACT convention is also sometimes known as ACT/365 actual, or ACT/365 A. | |||
Not to be confused with [[ACT/365 fixed]]. | Not to be confused with [[ACT/365 fixed]]. | ||
Revision as of 12:59, 14 December 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.
The ACT/ACT convention is also sometimes known as ACT/365 actual, or ACT/365 A.
Not to be confused with ACT/365 fixed.
