CumDF: Difference between revisions
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Revision as of 16:27, 28 March 2016
Financial maths.
CumDF means Cumulative Discount Factor.
This is the total of the discount factors, up to and including the maturity for which the cumulative discount factor is cited.
When the periodic yield is equal for all relevant maturities, the cumulative discount factor is the same as the annuity factor.
