bank holiday

noun

Definition of bank holiday

1 British : legal holiday
2 : a period when banks in general are closed often by government fiat

Examples of bank holiday in a Sentence

Recent Examples on the Web The Housekeeping Assistant will receive 33 holidays, including includes bank holidays. Joseph Neese, House Beautiful, "Prince Harry and Meghan Markle Have an Opening for a New Housekeeper at Windsor Castle," 4 Jan. 2020 The Great Depression really began when the banks started failing in 1930, and then there were more bank failures in 1931 and 1932, leading to a bank holiday when FDR became president in ’33. Olivia B. Waxman, Time, "What Caused the Stock Market Crash of 1929—And What We Still Get Wrong About It," 24 Oct. 2019 And not just because of the subtropical bank holiday weekend that we have just been treated to in the UK. SI.com, "Fantasy Premier League: The 10 Players Who Scooped Man of the Match in Gameweek 3," 27 Aug. 2019 The double-whammy threatens to shut down flights at bases including London Stansted, Europe’s biggest discount hub, in the run-up to Britain’s August bank holiday — traditionally the busiest weekend of the year for UK travel. BostonGlobe.com, "Portland hospital to get $1m donation from L.L. Bean heirs," 16 Aug. 2019 And Labour Party leader Jeremy Corbyn is advocating a bank holiday if England wins the World Cup. Liz Clarke, chicagotribune.com, "In England, a nation conditioned to World Cup failure is starting to believe," 8 July 2018 In Britain, markets will also be closed on Monday for the spring bank holiday. New York Times, "U.S. Markets Close for Holiday, and May Jobs Numbers Come Out," 27 May 2018 William and Kate’s wedding was also declared a bank holiday in the United Kingdom, giving many citizens the day off work to partake in the festivities, while Harry and Meghan’s was not. Diana Pearl, PEOPLE.com, "Casual vs. Formal! Comparing Harry and Meghan's Official Wedding Portrait with William and Kate's," 21 May 2018 Most major chains will operate on Christmas Eve, even though it's generally recognized as a bank holiday too. Caroline Picard, Good Housekeeping, "Here's What It Means That Christmas Eve Is a Federal Holiday This Year," 21 Dec. 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'bank holiday.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of bank holiday

1778, in the meaning defined at sense 1

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Time Traveler for bank holiday

Time Traveler

The first known use of bank holiday was in 1778

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Statistics for bank holiday

Last Updated

12 Jan 2020

Cite this Entry

“Bank holiday.” The Merriam-Webster.com Dictionary, Merriam-Webster Inc., https://www.merriam-webster.com/dictionary/bank%20holiday. Accessed 26 January 2020.

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More Definitions for bank holiday

bank holiday

noun

Financial Definition of bank holiday

What It Is

A bank holiday is a day on which a bank or banking system is closed.

How It Works

In the United States, banks and financial markets generally cannot be closed for more than four calendar days in a row, which puts some limits on the timing and quantity of bank holidays.

In the United States, here are some typical bank holidays (exact dates vary):

In the United Kingdom, typical bank holidays include (exact dates vary):

In Hong Kong, typical bank holidays include (exact dates vary):

Why It Matters

Every country has its own bank holidays, and on those days, banks do not process transactions. Deposits and withdrawals do not post until the next banking day at the earliest. Sometimes, bank holidays occur in response to emergencies.

Source: Investing Answers

More from Merriam-Webster on bank holiday

Rhyming Dictionary: Words that rhyme with bank holiday

Britannica.com: Encyclopedia article about bank holiday

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