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Actual/Actual

Definition of 'Actual/Actual'

Calculation of accrued interest on a bond using the actual number of days of accrual and the actual number of days between interest payment dates – used in many government bond markets.

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Related Terms

Economic Value Added Actual Price Actual Settlement Date Accounting (ASDA)Annual Percentage Rate CFD Contract For Difference Contractual Theory Fundamental Analysis FX Swap Performance Spread Post- Completion Audit Takedown Schedule Value Creation: Four Key Elements

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