Setup Menus in Admin Panel

Sharing the Knowledge!™

Finance Knowledge and Information

What does actual/365 fixed mean?

SEARCHING
Suggestion/Report Error
actual/365 fixed
Noun

The day-count convention based on the actual number of days in the interest period divided by 365 – it ignoring leap years, used in the money markets of the Common Wealth countries, Poland, Japan, Taiwan and Thailand.

Synonym(s): 
  • ACT365; English; bond basis.
top
© 2015-2020 Pecunica LLC.  All rights reserved.
;