Truncation: Difference between revisions
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imported>Doug Williamson (Link with Substitute check page.) |
imported>Doug Williamson (Strengthen recommendation to round where relevant & avoid truncating.) |
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| Line 14: | Line 14: | ||
It is not good practice to truncate numbers in this way. | It is not good practice to truncate numbers in this way. | ||
It is | It is generally better to round, if a simpler presentation is appropriate. | ||
(9.876 would round to 9.88 or 9.9.) | (9.876 would round to 9.88 or 9.9.) | ||
Revision as of 06:23, 5 April 2015
1.
Banking.
A procedure in which the physical movement of paper payment instruments (for example paid cheques or credit transfers) within a bank, between banks or between a bank and its customer is curtailed or eliminated, being replaced, in whole or in part, by electronic records of their content for further processing and transmission.
2.
The shortening of any piece of information, usually by removing the last part.
For example the number 9.876, truncated to one decimal place, would become 9.8.
It is not good practice to truncate numbers in this way.
It is generally better to round, if a simpler presentation is appropriate.
(9.876 would round to 9.88 or 9.9.)
