Quick Answer: What Is Preceding Business Day?

What is the meaning of preceding year?

Examples of Preceding year in a sentence Preceding year is defined as the period of twelve (12) consecutive months immediately prior to July 1 immediately preceding the commencement of the license year for which license is sought..

What is a rolling calendar month?

Definition (567 IAC 22.100): A period of 12 consecutive months determined on a rolling basis with a new 12-month period beginning on the first day of each calendar month.

Does proceeding mean after?

Precede is to go before. Proceed means to move ahead, to continue.

Does preceding mean after?

Some common synonyms of preceding are antecedent, anterior, foregoing, former, previous, and prior. While all these words mean “being before,” preceding usually implies being immediately before in time or in place.

What does next preceding day mean?

English term or phrase: next preceding. Selected answer: (the day) before / immediately preceding.

What means next before?

The definition of next is just before or after. An example of next used as an adjective is in the phrase “next week,” which means the week following this one.

Where is above used?

When we use above as a preposition, it means ‘higher than’. Its meaning is close to that of the preposition over. In the following sentences, over can be used instead of above: The waves came up above her head and she started screaming.

What does next mean in English?

1 : in the time, place, or order nearest or immediately succeeding next we drove home the next closest school. 2 : on the first occasion to come when next we meet. next. noun.

What is a rolling payment?

In finance, date rolling occurs when a payment day or date used to calculate accrued interest falls on a holiday, according to a given business calendar. … Following business day: the payment date is rolled to the next business day.

What is following business day convention?

Modified following business day convention. A business day convention whereby payment days that fall on a holiday or a Saturday or a Sunday roll forward to the next target business day. If that day falls in the next calendar month, the payment day rolls backward to the immediately preceding target business day.

What modified following?

Modified following is a facet of date rolling that occurs when a contractual transaction day falls on a holiday. If this occurs the date is usually pushed forward or backward so that it coincides with a business day.

How do you use immediately?

Used with verbs: “He acted immediately when he saw the house on fire.” “He immediately apologized for his behavior.” “She immediately regretted her behavior.” “The school immediately contacted the parents after the accident.”

What do preceding mean?

preceding, antecedent, foregoing, previous, prior, former, anterior mean being before. preceding usually implies being immediately before in time or in place. the preceding sentence antecedent applies to order in time and may suggest a causal relation.

What does preceding 2 years mean?

1. Existing or coming before another or others: in preceding years; on a preceding page. 2. Existing or coming immediately before another or others: the preceding year; the preceding page.

What is the day count convention applied for government securities?

What Is Day-Count Convention? A day-count convention is the system used on debt securities, such as bonds or swaps, to calculate the amount of accrued interest or the present value when the next coupon payment is less than a full coupon period away.

How do you use the word preceding?

Something is preceding if it comes directly before. The preceding sentence is not so much a definition of the word preceding as a description of it. To cede is to give way, so when you use preceding to describe, say, a person, you’re essentially describing him as the one that just gave way. Previous is a good synonyms.

How do you use next time?

Use “next time” in a sentence | “next time” sentence examples I’m sure you can do an excellent job next time. Never mind? … Please be more careful next time. I’m sure you can do a better job next time. I’m sure you can make an excellent job next time. Never mind, next time I’m sure you can do better.More items…•

Is preceding before or after?

Preceding means coming before. A close synonym is previous. As an adjective, preceding is always used before a noun, as in the preceding chapter.