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The day count is also used to quantify periods of time when discounting a cash-flow to its present value. When a security such as a bond is sold between interest payment dates, the seller is eligible to some fraction of the coupon amount. The day count convention is used in many other formulas in financial mathematics as well.
It is a special case of the integer knapsack problem, and has applications wider than just currency. It is also the most common variation of the coin change problem , a general case of partition in which, given the available denominations of an infinite set of coins, the objective is to find out the number of possible ways of making a change ...
The money flow for a certain day is typical price multiplied by volume on that day. = The money flow is divided into positive and negative money flow. Positive money flow is calculated by adding the money flow of all the days where the typical price is higher than the previous day's typical price.
The Foreign exchange Options date convention is the timeframe between a currency options trade on the foreign exchange market and when the two parties will exchange the currencies to settle the option. The number of days will depend on the option agreement, the currency pair and the banking hours of the underlying currencies. The convention ...
Cashier balancing [1] or cashing up is the process of a cashier counting the money in a cash register at the end of a business day or working shift. The process is usually conducted in businesses such as grocery stores, restaurants and banks, and makes the cashier responsible for the money in their cash register.
Counting is usually done by accounting professionals called soft counters, usually using computer spreadsheets. Typically, a soft count room contains a large "count table" upon which the currency is placed. Count room personnel manually organize the currency so that it can be easily counted by hand or by a counting machine.
A currency-counting machine is a machine that counts money—either stacks of banknotes or loose collections of coins. Counters may be purely mechanical or use electronic components. The machines typically provide a total count of all money, or count off specific batch sizes for wrapping and storage.
A financial calculator or business calculator is an electronic calculator that performs financial functions commonly needed in business and commerce communities [1] (simple interest, compound interest, cash flow, amortization, conversion, cost/sell/margin, depreciation etc.).