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Day count convention. In finance, a day count convention determines how interest accrues over time for a variety of investments, including bonds, notes, loans, mortgages, medium-term notes, swaps, and forward rate agreements (FRAs). This determines the number of days between two coupon payments, thus calculating the amount transferred on ...
The 4–4–5 calendar is a method of managing accounting periods, and is a common calendar structure for some industries such as retail and manufacturing. It divides a year into four quarters of 13 weeks, each grouped into two 4-week "months" and one 5-week "month". The longer "month" may be set as the first (5–4–4), second (4–5–4), or ...
The International Fixed Calendar (also known as the Cotsworth plan, the Cotsworth calendar, the Eastman plan or the Yearal[ 1] was a proposed calendar reform designed by Moses B. Cotsworth, first presented in 1902. [ 2] The International Fixed Calendar divides the year into 13 months of 28-days each.
The Gregorian calendar, like the Julian calendar, is a solar calendar with 12 months of 28–31 days each. The year in both calendars consists of 365 days, with a leap day being added to February in the leap years. The months and length of months in the Gregorian calendar are the same as for the Julian calendar.
A perpetual calendar is a calendar valid for many years, usually designed to look up the day of the week for a given date in the past or future. For the Gregorian and Julian calendars, a perpetual calendar typically consists of one of three general variations: Fourteen one-year calendars, plus a table to show which one-year calendar is to be ...
Coupon collector's problem. In probability theory, the coupon collector's problem refers to mathematical analysis of "collect all coupons and win" contests. It asks the following question: if each box of a given product (e.g., breakfast cereals) contains a coupon, and there are n different types of coupons, what is the probability that more ...
Soviet calendar. The Soviet calendar was a modified Gregorian calendar that was used in Soviet Russia between 1918 and 1940. Several variations were used during that time. The Gregorian calendar, under the name "Western European calendar", was implemented in Soviet Russia in February 1918 by dropping the Julian dates of 1–13 February 1918.
The Gregorian year, which is in use in most of the world, begins on January 1 and ends on December 31. It has a length of 365 days in an ordinary year, with 8760 hours, 525,600 minutes, or 31,536,000 seconds; but 366 days in a leap year, with 8784 hours, 527,040 minutes, or 31,622,400 seconds. With 97 leap years every 400 years, the year has an ...