{"data":{"id":"us-il/815-ilcs-205-10","jurisdiction":"us-il","citation":"815 ILCS 205/10","heading":"","body":"In all computations of time, and of interest and discounts, a month shall be considered to mean a calendar month, and a year shall consist of twelve calendar months; and in computations of interest or discount for any number of days less than a month, a day shall be considered a thirtieth part of a month, and interest or discount shall be computed for such fractional parts of a month upon the ratio which such number of days shall bear to thirty.","path":["CHAPTER 815 BUSINESS TRANSACTIONS","Interest Act."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=2322\u0026ChapterID=67\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:47Z","sha256":"4fc5b423fd16fe6f6b2cfbe7a46de5467c1fdcc3f6ca6722d013e612f7b0b1da","source_id":"us-il","stale":false,"prev":"us-il/815-ilcs-205-9","next":"us-il/815-ilcs-205-11"},"notice":"GroundRules: Original legal text. Not legal advice."}