DAY COUNT
ACT/365
A day-count convention using actual elapsed days and a 365-day denominator.
What does it stand for?
Actual/365
What it means
A day-count convention using actual elapsed days and a 365-day denominator.
How to interpret it
This concept should be read together with its market convention, measurement horizon and underlying instrument. BondStats presents it as an analytical reference rather than investment advice; instrument documentation and primary market rules remain authoritative.
Related Acronyms
BondStats reference content is independently written. Mathematical relationships, abbreviations and market conventions are presented for educational and analytical use.