bank holidays

bank holidays

bank holidays days when the law requires that banks be closed. In the United States the list varies from state to state but generally includes, besides the major holidays, many days that are observed only by the banks and such government institutions as post offices. In England since 1871, bank holidays have had special significance as secular and perpetual holidays. The days include Christmas, Boxing Day (the first weekday after Christmas), Good Friday, Easter Monday, Whitmonday (the day after Pentecost), and the special banking day on the first Monday in August.

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Bank Holiday Act

Bank Holiday Act, 1871. Introduced by Sir John Lubbock, this Act compelled the clearing banks to close on certain days, thus making them public holidays. In England and Wales Easter Monday, Whit Monday, the first Monday in August, and Boxing Day became public holidays. In Scotland New Year's Day, the first Monday in May and August, and Christmas Day were declared holidays.

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JOHN CANNON. "Bank Holiday Act." A Dictionary of British History. 2004. Encyclopedia.com. 1 Jun. 2012 <http://www.encyclopedia.com>.

JOHN CANNON. "Bank Holiday Act." A Dictionary of British History. 2004. Encyclopedia.com. (June 1, 2012). http://www.encyclopedia.com/doc/1O43-BankHolidayAct.html

JOHN CANNON. "Bank Holiday Act." A Dictionary of British History. 2004. Retrieved June 01, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1O43-BankHolidayAct.html

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bank holiday

bank holiday a day on which banks are officially closed, kept as a public holiday; traditionally, bills payable on these days are paid on the following day. Bank holidays originated as certain Saints' days and anniversaries, to the number in all of about 33 days per annum, which were kept as Holidays at the Bank of England.

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ELIZABETH KNOWLES. "bank holiday." The Oxford Dictionary of Phrase and Fable. 2006. Encyclopedia.com. 1 Jun. 2012 <http://www.encyclopedia.com>.

ELIZABETH KNOWLES. "bank holiday." The Oxford Dictionary of Phrase and Fable. 2006. Encyclopedia.com. (June 1, 2012). http://www.encyclopedia.com/doc/1O214-bankholiday.html

ELIZABETH KNOWLES. "bank holiday." The Oxford Dictionary of Phrase and Fable. 2006. Retrieved June 01, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1O214-bankholiday.html

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Free newspaper and magazine articles

Banking On A Bank Holiday?(Banking and Financial Dealings Act)
News Wire article from: Mondaq Business Briefing; 6/30/2011
New Bank holiday mooted - but don't start celebrating.
Newspaper article from: Western Mail (Cardiff, Wales); 7/28/2009
The bank (holiday) robbery; ITALIANS GET AWAY WITH 16, WHILE WE MAKE DO WITH...
Newspaper article from: The Mirror (London, England); 8/25/2003

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