fiscal year


fiscal year

noun

: a 12-month period used by a government, business, or organization to calculate how much money is being earned, spent, etc.

Full Definition of FISCAL YEAR

:  an accounting period of 12 months

Examples of FISCAL YEAR

  1. Sales were up in the last fiscal year.
  2. Our fiscal year runs from October 1 to September 30.

First Known Use of FISCAL YEAR

1843

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