Fiscal Year
/ˈfɪskəl ˌjɪər/
Definitions
- (n.) A one-year period used for calculating annual financial reports in government and business, which may not coincide with the calendar year.
The company’s fiscal year ends on June 30th, differing from the calendar year.
Forms
- fiscal years
Commentary
The fiscal year is defined by statute or policy and varies by jurisdiction or entity; drafting clarity about its start and end dates is essential in contracts and financial regulations.
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.