Task: Class Definition Understanding (ontology: Business_Finance/Financial_Industry_Business_Ontology)

Which of the following definitions best describes 'day-count convention'?

A. a business recurrence interval convention that is used to calculate the number of days in an interest payment, which applies to the amount of accrued interest or the present value for debt instruments
B. proportional relationship between two different quantity values that gives rise to a datum of a specific quantity kind
C. expression of the lowest possible value and/or highest possible value for some scalar quantity
D. owners' share in a business plus operating profit

Answer: a business recurrence interval convention that is used to calculate the number of days in an interest payment, which applies to the amount of accrued interest or the present value for debt instruments