quarter day

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quarter day

any of four days in the year when certain payments become due. In England, they are Lady Day (25 March), Midsummer Day (24 June), Michaelmas Day (29 September) and Christmas Day (25 December). For Scotland the days are Candlemas (28 February), Whitsunday (28 May), Lammas (28 August) and Martinmas (28 November).

QUARTER DAY. One of the four days of the year on which rent payable quarterly becomes due.

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The other Quarter Days are Lady Day (March 25), Michaelmas (September 29) and Christmas Day (25 December).
As well as the added pressure of a large rent payment, Rent Quarter Days often see a spike in retail insolvencies because retailers will delay insolvency procedures until after rent is due, thanks to the complex rules on 'administration costs' that have developed in recent years.
Tension among the region's retailers will intensify this week as firms prepare for quarter day rental payments for the last time before Christmas, according to a business advisory group.
At that rate he would have repaid the missing money in two and a quarter days.
It was the time to pick apples and make cider and was one of the quarter days for settling rents and accounts.
The quarterly rent payments which traditionally fall in March, June, September and December represent a major outgoing for struggling firms, and well-known high street names have fallen into administration in either the run-up to or days immediately following Quarter Days over the last few years, as the pressure to meet their rental obligations has finally proved too much for their finances.
We would expect to see Birmingham showing a similar surge in critical problems in the first quarter of this year as the renegotiation of banking arrangements, maturing loans, rental quarter days and the phasing out of Time to Pay start to impact in a big way.
High line pressures over the past quarter days have reduced production by approximately 95 MMcf and 760 barrels of liquids.