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{{g}}A popular means of calculating [[interest|interest periods]] and determining interest payment dates. Nearly as popular as the [[following business day convention]]. | {{g}}A popular means of calculating [[interest|interest periods]] and determining interest payment dates. Nearly as popular as the [[following business day convention]]. If the end of your interest period would end on a non-business day, you roll forward to the next following one, unless that would fall in the following month, in which case you roll back to the immediately ''preceding'' [[business day]]. Popular with the tax- and accounting-obsessed, who care about what period you book a profit or revenue stream in. | ||
{{sa}} | {{sa}} | ||
*[[Business day convention]] | *[[Business day convention]] |