Conventional year: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Classify page.) |
imported>Doug Williamson (Add link.) |
||
Line 15: | Line 15: | ||
* [[ACT/365 fixed]] | * [[ACT/365 fixed]] | ||
* [[ACT/365]] | * [[ACT/365]] | ||
* [[Convention]] | |||
* [[Day count conventions]] | * [[Day count conventions]] | ||
* [[Discount]] | * [[Discount]] |
Latest revision as of 02:47, 25 December 2021
The number of days per year, used to calculate interest or discount for a given period, based on a nominal annual rate.
The number of days in a conventional year may differ from the number of days in the calendar year, depending on the currency and market.
Examples of different numbers of days per conventional year include:
- 360, for example in the ACT/360 convention
- 365, for example in the ACT/365 fixed convention
- 366 or 365, for example in the ACT/365 convention, also known as the ACT/ACT or ACT/365 actual convention