Bank Holiday

Business, Legal & Accounting Glossary

Definition: Bank Holiday


Bank Holiday


Full Definition of Bank Holiday


1. In the United States, the temporary closing of a bank in the event that its obligations exceed its resources. 2. In the United Kingdom and Ireland, a public holiday on which the banks are closed. A bank holiday is generally not a major holiday such as Christmas Day (although, the banks are indeed closed on these holidays), but instead a day that would otherwise be a non-holiday. For example, the first Monday in May is considered a bank holiday, and banks along with many other businesses close for the day.


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Bank Holiday. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 07, 2021 https://payrollheaven.com/define/bank-holiday/.
Chicago Manual of Style (CMS):
Bank Holiday. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/bank-holiday/ (accessed: December 07, 2021).
American Psychological Association (APA):
Bank Holiday. PayrollHeaven.com. Retrieved December 07, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/bank-holiday/

Definition Sources


Definitions for Bank Holiday are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 19th November, 2021 | 0 Views.