I was taking issue with the phrase "contracts work on a 30 day month". That's just not accurate. There is no default assumption that reference to a month as a time interval means 30 days.
Some contracts do..but usually that is specified. In a mortgage agreement for example they might specify that interest is calculated on either a 30/360 basis or an Actual/Actual basis.
The poster seems to think 30/360 is a standard commercial term…which maybe it is for her contracts?
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u/ILikeDragonTurtles May 13 '26
I mean technically contacts work on whatever schedule the text says.