Actual/365 Computation

Example Definitions of "Actual/365 Computation"
Actual/365 Computation. A method used by Purchaser in determining the annual effective yield by taking the stated (nominal) rate for a year's period and then dividing said rate by 365 to determine the daily periodic rate to be applied for each day in the applicable period.
Found in Eco-Stim Energy Solutions, Inc. contract
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