Thirty/Three Sixty (30/360)
Day count convention for calculating interest accrued on corporate bonds, municipal bonds, and agency bonds in the U.S. Uses 30 days in a month and 360 days in a year for calculating interest payments. Also see Day count convention.
Nearby TermsThinly traded Third market Thirty/Three Sixty (30/360) Thirty-day visible supply Thirty-day wash rule
Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University