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Contract Terms Overview

Contract Terms Overview​

ACTUS defines a comprehensive set of Contract Terms (also refered to as Contract Attributes or CAs) that are used to parameterize contract types in a precise and standardized way. These terms represent the input values that determine a contract's behavior over time — including its cash flows, lifecycle events, and state transitions.

Each contract term is described in its own reference page, which provides the following standardized information:

  • Acronym: A short label used in formulas or systems (e.g., IPDC).
  • Identifier: The programmatic name of the term (e.g., dayCountConvention).
  • Group: A logical grouping based on the contract function (e.g., Interest, Principal, Schedule).
  • Type: The data type of the value (e.g., Enum, Float, Date, Boolean).
  • Default: The default value, if applicable.
  • Description: A short explanation of the term’s meaning and role.
  • Allowed Values: For enumerated types, a list of permitted options and what they represent.

For detailed definitions, visit any individual term page — for example:

To understand how contract terms are used within a specific contract type, refer to the Contract Types Reference.