Holiday

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Holiday

A day of recreation; a consecrated day; a day set apart for the suspension of business.

A legal holiday is a day set aside by statute for recreation, the cessation of work, or religious observance. It is a day that is legally designated as exempt from the conduct of all judicial proceedings, Service of Process, and the demand and protest of Commercial Paper. A prohibition against conducting public business transactions on holidays does not, however, have an effect upon private business. Private transactions will not, therefore, be invalidated solely because they are conducted on a holiday.

References in periodicals archive ?
At least 4 times a day (mondays and working days after 2 or more consecutive holidays) 3 times a day (tuesday-friday) and once a day (saturdays, Sundays and holidays).
Students of federal government institutes will have holidays for celebrations of Eid-ul-Azha from November 7 to 9, as per directives of Federal Directorate of Education (FDE) and they will have five consecutive holidays including weekly off of Saturday and Sunday.
''Market participants are keeping an eye on remarks by Japanese currency authorities in Tokyo after the consecutive holidays on the dollar's recent weak ground against the yen,'' said a New York-based dealer at a Japanese bank.
The ruling bloc on Monday reconfirmed its intention to try to enact a bill before the end of the current Diet session to create two more three-day consecutive holidays by shifting the dates of national holidays and combining them with weekends, coalition officials said.