Exam term
Day-count convention
The rule for counting days in a proration, such as a 360-day year of 30-day months or a 365-day year, along with who owns the closing day.
Lessons that use this term
- Escrow in California: instructions, the escrow holder, closing, and prorations California
- Prorations: 365-day and 360-day methods Florida
- Closing costs, transfer and mortgage recording taxes, and prorations New York
- Settlement and closing the transaction Texas
- Settlement math: prorations, debits and credits, net to seller, cost to buyer, and closing fees Texas