A 365-day calendar consists of exactly 365 days per year (no leap days), and is primarily used in computer models and as an assumption in every-day calculations. For example, a calculation of a daily rate may use an annual total divided by exactly 365.
Interest rates in some banks are calculated using a 365-day calendar.
Read more about 365-day Calendar: Other 365-day Calendars
Famous quotes containing the word calendar:
“To divide one’s life by years is of course to tumble into a trap set by our own arithmetic. The calendar consents to carry on its dull wall-existence by the arbitrary timetables we have drawn up in consultation with those permanent commuters, Earth and Sun. But we, unlike trees, need grow no annual rings.”
—Clifton Fadiman (b. 1904)