30/360 has the meaning set forth in the definition of REMIC I Net Mortgage Rate.
30/360 has the meaning given to it in Condition 5.09 (Definitions); “360/360” has the meaning given to it in Condition 5.09 (Definitions);
30/360 which means that interest is calculated on the basis of a 360-day year consisting of twelve 30-day months;
More Definitions of 30/360
30/360. , “360/360” or “Bond Basis” means the number of days in the Interest Reset Period divided by 360 (the number of days to be calculated on the basis of a year of 360 days with 12 30-day months (unless (a) the last day of the Interest Reset Period is the 31st day of a month but the first day of the Interest Reset Period is a day other than the 30th or 31st day of the month, in which case the month that includes that last day shall not be considered to be shortened to a 30-day month, or (b) the last day of the Interest Reset Period is the last day of the month of February, in which case the month of February shall not be considered to be lengthened to a 30-day month)); and
30/360 means that interest is calculated on the basis of a 360-day year consisting of twelve 30-day months.
30/360. ’ means that interest or any other relevant factor shall be calculated on the basis of a 360-day year consisting of twelve 30-day months.
30/360 means the number of days in the Interest Period or the Relevant Period, as the case may be, to (but excluding) the relevant payment date, divided by 360, calculated on the basis of a year of 360 days with twelve 30-day months,
30/360 means that we will compute interest based on a 360-day year consisting of twelve 30-day months.
30/360 means, in relation to a calculation of a Fixed Amount, the day count fraction, being the number of days in the Calculation Period ending on the Notional Payment Date on which such Fixed Amount is notionally payable divided by 360, calculated on a formula basis as follows:
30/360 means, in respect of any period, the number of days in the relevant period, from and including the first day in such period to but excluding the last day in such period, such number of days being calculated on the basis of a 360 day year consisting of 12 months of 30 days each, divided by 360.