day count convention
Word Rarity
Uncommon
Frequency: Zipf frequency 4.32 in modern English
29
Scrabble Score
18
Letters
6
Syllables
11
Unique Chars
Meaning
noun
A convention on how interest accrues over time for a variety of investments, including bonds, notes, loans, medium-term notes, swaps, and FRAs. It determines the number of days between two coupon payments.