Month

In busine a month is usually considered as consisting of 30 days. ¥ In time loans (loans running for a specified time) 30 days are counted as a month. In call loans, however, interest is -calculated for the number of days they actually run. In dealing in futures (contracts maturing in the future) hal in grain, cotton, coffee, etc., it is the practise to designate the contracts by the names of the months in which they mature. Thus, wheat sold for delivery in January is called January wheat; cotton sold for delivery in July is called July cotton, and sc on. 372