Days in the Year definition
Days in the Year means 365 days in a non-leap Year and 366 days in a leap Year;
Days in the Year means 365 or if any portion of an interest period falls in a leap year 365 plus the number of days in that portion of the interest period falling in a leap year divided by 366. For example, if a February 1 interest payment falls in a leap year the Days in the Year will be 365 plus the actual days in the period February through July (182) divided by 366; for the following February 1 the Days in the Year will be 365 plus the actual days in the period August through January (184) divided by 366.