Actual/365 (Fixed) has the meaning given to it in Condition 5.09 (Definitions);
Actual/365 (Fixed) which means that interest is calculated on the basis of the actual number of days elapsed in a year of 365 days, regardless of whether accrual or payment occurs in a leap year;
More Definitions of Actual/365 (Fixed)
Actual/365 (Fixed) means a calculation on the basis of the actual number of days elapsed in a year of 365 days, regardless of whether accrual or payment occurs during a calendar leap year.
Actual/365 (Fixed) means that interest or any other relevant accrual factor shall be calculated on the basis of the actual number of days elapsed in a year of 365 days, regardless of whether accrual or payment occurs during a calendar leap year.
Actual/365 (Fixed) means that interest is calculated on the basis of the actual number of days elapsed in a year of 365 days, regardless of whether accrual or payment occurs in a leap year.
Actual/365 (Fixed) is so specified, means the actual number of days in the Calculation Period divided by 365;
Actual/365 (Fixed) means that we will compute interest based on the actual number of days elapsed in a year of 365 days, regardless of whether accrual or payment occurs during a calendar leap year.
Actual/365 (Fixed). ’ means that interest or any other relevant factor shall be calculated on the basis of the actual number of days elapsed in a year of 365 days, regardless of whether accrual or payment occurs during a leap year.
Actual/365 (Fixed) means that interest shall be calculated on the basis of the actual number of days elapsed in a time period over a year of 365 days, regardless of whether accrual or payment occurs during a calendar leap year.