bank holiday

Definitions (2)

1. In the United States, the temporary closing of a bank in the event that its obligations exceed its resources.
2. In the United Kingdom and Ireland, a public holiday on which the banks are closed. A bank holiday is generally not a major holiday such as Christmas Day (although, the banks are indeed closed on these holidays), but instead a day that would otherwise be a non-holiday. For example, the first Monday in May is considered a bank holiday, and banks along with many other businesses close for the day.

Use bank holiday in a sentence

Because Christmas is a bank holiday, Sally had to wait until December 26th to deposit the check her grandmother gave her.

​ Was this Helpful? YES  NO 10 people found this helpful.

I was glad that it was a bank holiday because I had the day off and could do whatever I wanted.

​ Was this Helpful? YES  NO 10 people found this helpful.

In his first 100 days President Franklin D. Roosevelt issued a bank holiday to ensure the safety and confidence that Americans had lost during the depression.

​ Was this Helpful? YES  NO 11 people found this helpful.

Show more usage examples...

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
bank holding company bank identification number