Financial Conventions

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August 25, 2024 3 min read Definitions
Banker's Year: Convention for Standardizing the Length of a Month and a Year
Finance Banking Investments Interest Rates Financial Conventions Calculation Methods Banking Practices Finance Terminology
The Banker's Year is a financial convention that standardizes the length of a month at 30 days and a year at 360 days, facilitating easier calculation of interest rates and other financial metrics.
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