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The need for day count conventions is a direct consequence of interest-earning investments. Different conventions were developed to address often conflicting requirements, including ease of calculation, constancy of time period (day, month, or year) and the needs of the accounting department.
The annual effective discount rate expresses the amount of interest paid or earned as a percentage of the balance at the end of the annual period. It is related to but slightly smaller than the effective rate of interest, which expresses the amount of interest as a percentage of the balance at the start of the period.
Mission control center's board with time data, displaying coordinated universal time with ordinal date (without year) prepended, on October 22, 2013 (i.e.2013-295). An ordinal date is a calendar date typically consisting of a year and an ordinal number, ranging between 1 and 366 (starting on January 1), representing the multiples of a day, called day of the year or ordinal day number (also ...
The general format of EDIF involves using parentheses to delimit data definitions, and in this way it superficially resembles Lisp.The basic tokens of EDIF 2.0.0 were keywords (like library, cell, instance, etc.), strings (delimited with double quotes), integer numbers, symbolic constants (e.g. GENERIC, TIE, RIPPER for cell types) and "Identifiers", which are reference labels formed from a ...