Bank Holiday
/ˈbæŋk ˌhɒl.ɪ.deɪ/
Definitions
- (n.) A public holiday established by statute or custom during which banks and many businesses are closed.
Employees are entitled to receive pay for work not performed on a bank holiday.
Forms
- bank holiday
- bank holidays
Related terms
See also
Commentary
Bank holidays often have specific legal recognition affecting employment rights and financial transactions.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.