What does day count convention mean?
Definitions for day count convention
day count con·ven·tion
This dictionary definitions page includes all the possible meanings, example usage and translations of the word day count convention.
Wiktionary
day count conventionnoun
A convention on how interest accrues over time for a variety of investments, including bonds, notes, loans, medium-term notes, swaps, and FRAs.
Wikidata
Day count convention
In finance, a day count convention determines how interest accrues over time for a variety of investments, including bonds, notes, loans, mortgages, medium-term notes, swaps, and forward rate agreements. This determines the number of days between two coupon payments; thus, calculating the amount transferred on payment dates and also the accrued interest for dates between payments. The day count is also used to quantify periods of time when discounting a cash-flow to its present value. When a security such as a bond is sold between interest payment dates, the seller is eligible to some fraction of the coupon amount. The day count convention is used in many other formulae in financial mathematics as well.
Numerology
Chaldean Numerology
The numerical value of day count convention in Chaldean Numerology is: 7
Pythagorean Numerology
The numerical value of day count convention in Pythagorean Numerology is: 9
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"day count convention." Definitions.net. STANDS4 LLC, 2024. Web. 24 Apr. 2024. <https://www.definitions.net/definition/day+count+convention>.
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