ACT/ACT: Difference between revisions
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== See also == | == See also == | ||
* [[ACT/360]] | * [[ACT/360]] | ||
* [[ACT/365]] | * [[ACT/365]] | ||
* [[ACT/365 fixed]] | * [[ACT/365 fixed]] | ||
* [[Conventional year]] | |||
* [[Day count conventions]] | * [[Day count conventions]] | ||
* [[ | * [[Denominator]] | ||
* [[Interest]] | |||
* [[Leap year]] | * [[Leap year]] | ||
[[Category:The_business_context]] | |||
Latest revision as of 09:33, 27 June 2022
A day count convention which calculates actual days in a time period, 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.
The ACT/ACT convention is also sometimes known as ACT/365, because the denominator is usually 365.
Contrasted with ACT/365 fixed, where the denominator is always 365, including in a leap year.
