Calendar Year

Business, Legal & Accounting Glossary

Definition: Calendar Year


Calendar Year


Full Definition of Calendar Year


Calendar year defines the year as designated by the Gregorian calendar in common use as beginning on January 1st and ending on December 31 of that same year. For example, the calendar year 2006 begins on January 1, 2006, and ends at the stroke of midnight on December 31, 2006. A calendar year contains 365 days except in leap years when a calendar year has 366 days. The calendar year is a universal 12-month period as opposed to a fiscal year where the 12-month period is determined by an industry or corporation for purposes of accounting. Individuals are required to use a calendar year when filing claims with the IRS. The calendar year as described above is used for all international business.


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March 29, 2024 https://payrollheaven.com/define/calendar-year/.
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Calendar Year. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/calendar-year/ (accessed: March 29, 2024).
American Psychological Association (APA):
Calendar Year. PayrollHeaven.com. Retrieved March 29, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/calendar-year/

Definition Sources


Definitions for Calendar 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: 11th August, 2022 | 0 Views.