Calendar Period

From Open Risk Manual

Definition

Calendar Period. An enumeration that indicates whether a CalendarSpecifiedDate is figured with respect to a calendar week, a calendar month, a calendar quarter, or a calendar year


Issues and Challenges

The terms 'calendar xxx' are intended to reinforce that these are periods on a calendar, not durations. For example, a calendar year always starts on a January 1 and ends on a December 31. The term 'calendar year' does not mean the same thing as a duration (an amount of time) of 1 year, nor can a calendar year start on any arbitrary day of a year. For example, a calendar year never starts on September 1.Similar points apply to other kinds of calendar periods, such as calendar week, calendar month, and calendar quarter.

Disclaimer

This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.

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