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Day count fraction: Difference between revisions
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A {{tag|day count fraction}}, actually<ref>{{swidt}}</ref> is a [[deterministic]] means of calculating accrued [[interest]] for [[calculation period]]s shorter than a year. Different currencies and different interest rates have different conventions. The Numerator designates the number of days in the interest period in question; the denominator the number of days in the year. The {{tag|day count fraction}} can then be multiplied by the notional amount and the interest rate to get the dollar amount of interest due. | {{g}}A {{tag|day count fraction}}, actually<ref>{{swidt}}</ref> is a [[deterministic]] means of calculating accrued [[interest]] for [[calculation period]]s shorter than a year. Different currencies and different interest rates have different conventions. The Numerator designates the number of days in the interest period in question; the denominator the number of days in the year. The {{tag|day count fraction}} can then be multiplied by the notional amount and the interest rate to get the dollar amount of interest due. | ||
Not to be confused with a [[Business day convention]], a travelling salesman's conference which usually takes place in Florida during the Hurricane Season.<br /> | Not to be confused with a [[Business day convention]], a travelling salesman's conference which usually takes place in Florida during the Hurricane Season.<br /> | ||