Actual/Actual; also ACT method, bond basis and ISMA Rule 251 [ISMA = International Securities Market Association]; often abbreviated to act./act
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) Interest day count in which the actual number of calendar days and the year is calculated as 365 days. – Actual/360 is based on the year with 360 days. – See Accrual principle, Effective interest rate, Eurointerest method, Interest day count.
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