Half-month

A half-month typically refers to a period of approximately 15 days, which is half of a standard month that usually has around 30 days. In practical applications, particularly in finance and accounting, a half-month can be used to calculate pro-rated expenses, payroll periods, and other time-sensitive transactions. For example, if a payment or billing cycle is set to occur monthly, half-month calculations might apply for situations where services are rendered for only part of the month.