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day count convention

Noun CEFR C1

Definitions

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.

Equivalents

CEFR level

C1
Advanced
This word is part of the CEFR C1 vocabulary — advanced level.
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See also

Day County day cream day dot day fine day for night day game

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