ACT/365: Difference between revisions
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imported>Doug Williamson (Note ACT/ACT expressly.) |
imported>Doug Williamson (Punctuation.) |
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A day count convention which calculates the actual days in a time period over the actual number of days in a calendar 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 13:06, 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.