DAY COUNT
ACT/360 Day Count
Counts actual elapsed days and uses a 360-day denominator.
Market use
Common in money-market and floating-rate contexts; the applicable instrument documentation controls.
What it means
Counts actual elapsed days and uses a 360-day denominator.
Example
A 30-day accrual uses 30/360 of the annual rate.
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 Conventions
BondStats reference content is independently written. Mathematical relationships, abbreviations and market conventions are presented for educational and analytical use.