Definition of year
- two Mercury years
- died in the year 1900
- their glory years
- her 21st year
- a year-old child
- wise beyond her years
I haven't seen her in a year.
He quit smoking six years ago.
The job pays $45,000 a year.
She renews her lease every year.
We see them once or twice a year.
It feels like we've been standing in line for a year.
That team hasn't won in years.
It's been years since I've been on an airplane.
The work should be done by the end of the year.
She was born in the year 1967.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'year.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
First Known Use: before 12th centurySee Words from the same year
In the business world, a year is a 12-month period, four-quarter period, or 13-period stretch of time. It is not always 365 days long, though it is usually very close to that. In business, note that a fiscal year does not always go from January 1 to December 31; many companies have fiscal years beginning at other times.
Years are important because they create time frames for comparing information. For example, let's assume Company XYZ's fiscal year began on January 1 and that today is March 31. During this time, Company XYZ recorded the following:
By comparing the 2012 revenues with the 2011 revenues, we can calculate that Company XYZ was up 50% year over year.
Yearly information is useful in looking for trends or measuring performance against goals. Remember, though that comparing year-over-year information among companies with different fiscal-year start dates can distort an analysis: The time included may vary and seasonal factors may become skewed. It is also important to remember that the extra day in leap years may also distort comparisons.
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