bank holiday

public holiday on which banks are closed

A bank holiday is a public holiday in the United Kingdom and also in the Republic of Ireland. Although there is no legal right to time off on these days, the majority of the population not employed in essential services (e.g. utilities, fire, ambulance, police, health-care workers) receive them as holidays; those employed in essential services usually receive extra pay for working on these days. Bank holidays are so called because they are days upon which banks are shut and therefore (traditionally) no other businesses could operate. Legislation allows certain payments to be deferred to the next working day.
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Noun
1. any of several weekdays when banks are closed; a legal holiday in Britain
(hypernym) legal holiday, national holiday

bank holiday /'bæɳk'hɔiədi/
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