[withinboredom]

> If it were "one year and one day" you'd have the same exact problem.

No, it would not, at all. Think of it like this: if I ask you to put something on your calendar one year from now, what kind of calendar event would it be? It would probably be an "all day event" and you wouldn't even to think to ask "what time?"

> Revocation and expiration are virtually the same thing.

Revocation is an intentional act done by humans. Expiration happens simply by the passage of time in relation to the movement of Earth around the sun.

[insanitybit]

I have no idea what you think the difference is between "365 days" and "360 days with a 5 day grace period" but whatever