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Definition of Day count convention
1. Noun. (finance) A convention on how interest accrues over time for a variety of investments, including bonds, notes, loans, medium-term notes, swaps, and FRAs. ¹
¹ Source: wiktionary.com
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1. Noun. (finance) A convention on how interest accrues over time for a variety of investments, including bonds, notes, loans, medium-term notes, swaps, and FRAs. ¹
¹ Source: wiktionary.com