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Nearest Month

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Nearest month
The expiration date of an option or future that is closest to the present.

Nearby Month
Among several different futures contracts or options, describing the one with the shortest maturity. For example, given three futures contracts, one expiring in March, one in June, and one in September, the nearby month contract is the one expiring in March. It is also called the spot month. See also: Most distant futures contract.


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Norman Bowers and Francis Horvath14 suggest that not only do individuals tend to round their estimates of time unemployed to the nearest month, but that estimates over consecutive months are also inconsistent with the time between surveys.
 
 
 
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