Definition
Unless otherwise specified, midnight-to-midnight 24-hour period comprising a calendar day. In the computation of a period, the day on which an agreement or event commences is generally not counted. For the determination of a default, if the last day is a Saturday, Sunday, or federal (or gazetted or statutory) holiday, the default commences from the next working day. For the filing of an official document, if the last day is a Saturday, Sunday, or federal (or gazetted or statutory) holiday, or the day on which weather or other phenomenon or occurrence causes the closure of the designated accepting office (for part or whole of the day), the next day that office is open is counted as the last day. See also daycount.
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