bank holiday

Known to some as a day, such as Christmas, Memorial Day, or other national or state holiday, when banks are closed; known also to people of an older generation as the trying period in 1933 during which all banks in the United States were closed by the proclamation of newly inaugurated President Franklin D. Roosevelt or the orders of governors of states and banking authorities rendered and declared in keeping with the presidential proclamation. The purpose of the holiday was to prevent the drain of currency from the banks by withdrawals by frightened depositors and give the people a chance to reassess the situation and recover from their fears of an impending collapse of the entire financial structure of the nation.

Ballentine's law dictionary. . 1998.

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  • Bank holiday — Saltar a navegación, búsqueda Un Bank holiday ( fiesta bancaria ) es el nombre que reciben en el Reino Unido y la República de Irlanda los días festivos que tradicionalmente disfrutaban los trabajadores de la banca y que actualmente se han… …   Wikipedia Español

  • bank holiday — Holidays under the Banking and Financial Dealings Act 1971. In England, Wales and Northern Ireland the bank holidays are: Easter Monday; the last Mondays in May and August; Boxing Day (if not a Sunday); December 27 (if either Christmas Day or… …   Law dictionary

  • bank holiday — ➔ holiday * * * bank holiday UK US noun [C] UK ► an official public holiday when banks, schools, and many businesses are closed for the day: »Is Good Friday a bank holiday? »Our offices will be closed for the bank holiday. »All our stores will be …   Financial and business terms

  • bank holiday — n BrE an official holiday when banks and most businesses are closed American Equivalent: public holiday ▪ Next Monday is a bank holiday. bank holiday weekend (=a weekend on which there is a bank holiday on Friday or Monday) …   Dictionary of contemporary English

  • bank holiday — bank holidays N COUNT A bank holiday is a public holiday. [BRIT] (in AM, usually use national holiday) …   English dictionary

  • bank holiday — noun count BRITISH a NATIONAL HOLIDAY …   Usage of the words and phrases in modern English

  • bank holiday — ► NOUN Brit. ▪ a public holiday, when banks are officially closed …   English terms dictionary

  • bank holiday — n. 1. any weekday on which banks are closed, as for a legal holiday 2. any period during which banks are closed by government order, as during a financial crisis 3. Brit. any of several legal holidays, usually on a Monday, when banks, schools,… …   English World dictionary

  • Bank holiday — This article is about the public holiday in the United Kingdom and the Republic of Ireland. For the bank holiday declared in the USA during the Great Depression, see Emergency Banking Act. For the film, see Bank Holiday (film). A bank holiday is… …   Wikipedia

  • bank holiday — 1. a weekday on which banks are closed by law; legal holiday. 2. Brit. a secular day on which banks are closed, obligations then falling due being performable on the following secular day. [1870 75] * * *       in the United Kingdom, any of… …   Universalium

  • bank holiday — noun (C) 1 BrE an official holiday when banks and most businesses are closed: Next Monday is a bank holiday. | stuck in the bank holiday traffic | bank holiday weekend (=a weekend on which there is a bank holiday on Friday or Monday): Are you… …   Longman dictionary of contemporary English

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