Banker’s Year

Business, Legal & Accounting Glossary

Definition: Banker’s Year


Banker’s Year


Full Definition of Banker’s Year


A year that consists of 12 months, each of them having 30 days each, and amounting to a 360-day year. This system makes it easier for financial institutions to calculate interest.


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https://payrollheaven.com/define/bankers-year/
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Banker’s Year. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 28, 2024 https://payrollheaven.com/define/bankers-year/.
Chicago Manual of Style (CMS):
Banker’s Year. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/bankers-year/ (accessed: March 28, 2024).
American Psychological Association (APA):
Banker’s Year. PayrollHeaven.com. Retrieved March 28, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/bankers-year/

Definition Sources


Definitions for Banker’s Year 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: 20th November, 2021 | 0 Views.