What is The Definition of Day-Count Convention?
The Counting Day Convention is a system used in debt instruments such as bonds or exchanges to calculate the amount of interest accrued or the current value when the next coupon payment is less than the total coupon period.
- Number of days is a standard way to calculate the number of days between two dates.
- Most deposits in the money market and interest on floating rate notes are calculated on 360 day real account contracts, while bonds and notes issued by the US Treasury are interested in the actual terms.
- The fixed rate component of interest rate changes and most fixed rate bonds uses the 30/360 or 30/365 day accounting convention, while the floating rate variable uses different versions of the convention: actual calculation / 360 or 365 days.
Literal Meanings of Day-Count Convention
Meanings of Day:
The period of twenty-four hours as a unit of calculated time from midnight to midnight is equivalent to the rotation of the earth on its axis.
A special time in the past of an era.
Sentences of Day
They met a few days ago
The law was very strict at that time
Synonyms of Day
twenty-four-hour period, point in time, time, full day, working day, epoch, age, era, generation, period, twenty-four hours
Meanings of Count:
Find the total number (set of items)
The process of determining the total quantity of an object.
Say the numbers in ascending order until the numbers are displayed.
The issue to be discussed or considered.
The volume of the beauty of a thread, expressed as the weight of a particular length or the length of a particular weight.
A European elder with the status of an English nobleman.
Sentences of Count
I can see the stars start counting
The number of staff is reduced to four, or even five
It doesn't matter what the public thinks, it doesn't matter what the ranking is
Fifteen orders were pending on the final count
Let's just count to seven
The program remains weak in some ways
They all sat in a row, at the behest of Rank, King, Prince, Duke, Earl, Earl, Baron and Knight.
Synonyms of Count
tally, counting, carry weight, mean anything, calculation, be of account, calculate, take into account, tallying, be important, reckoning, be of consequence, sum up, add up, signify, enumeration, include, telling, enter into consideration, totting up, make an impression, compute
Meanings of Convention:
The way something is usually done, especially in a particular field or activity.
Agreements between countries on a number of issues, including less formal agreements.
Large meetings or conferences, especially members of certain political parties or professions.
Artificial auction in which the bidder tries to hand over some information to his partner manually.
Sentences of Convention
The woman who disrupted so many conventions in children's literature
Convention signed by six countries bordering the Black Sea aims to prevent further pollution
BJ Herbensen Pinocchio describes the variations of the proposed single-deck Pinocchiol and the set of auction conventions.
Synonyms of Convention
summit, symposium, convocation, gathering, accord, practice, compact, ritual, council of representatives, tradition, pact, rite, conclave, ordinance, custom, ceremony, diet, habit, assembly, meeting, rule, routine