D360 definition
D360 means the number of days, determined on the basis of a 360-day year of twelve 30-day months, from and including the Principal Redemption Lock Option Date to but excluding the Maturity Date.
Examples of D360 in a sentence
This fee is determined by A x (B – C) x (D/360): ● A equals 0.10% ● B equals the maximum amount of Facility A ● C equals the average daily outstanding principal balance of Facility A during the calendar quarter ● D equals the actual number of days elapsed during the calendar quarter The Borrower must pay any non-usage fees within fifteen (15) days after receiving an invoice from the Bank.