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.

Cite Term

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Page URL
Modern Language Association (MLA):
Bank Holiday. Payroll & Accounting Heaven Ltd.
December 07, 2021
Chicago Manual of Style (CMS):
Bank Holiday. Payroll & Accounting Heaven Ltd. (accessed: December 07, 2021).
American Psychological Association (APA):
Bank Holiday. Retrieved December 07, 2021
, from website:

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.