(redirected from calendar years)
Also found in: Dictionary, Thesaurus, Medical, Financial, Idioms, Encyclopedia.
See: annum

YEAR. The period in which the revolution of the earth round the sun, and the accompanying changes in the order of nature, are completed.
     2. The civil year differs from the astronomical, the latter being composed of 365 days, 5 hours, 48 seconds and a fraction, while the former consists, sometimes of three hundred and sixty-five days, and at others, in leap years, of three hundred and sixty-six days.
     3. The year is divided into half-year which consists, according to Co. Litt. 135 b, of 182 days; and quarter of a year, which consists of 91 days, Ibid. and 2 Roll. Ab. 521, 1. 40. It is further divided into twelve months.
     4. The civil year commences immediately after twelve o'clock at night of the thirty-first day of December, that is the first moment of the first day of January, and ends at midnight of the thirty-first day of December, twelve mouths thereafter. Vide Com. Dig. Ann.; 2 Bl. Com. by Chitty, 140, n.; Chitt. Pr. Index tit. Time alteration of the calendar (q.v.) from old to new style in England, (see Bissextile,) and the colonies of that country in America, the year in chronological reckoning was supposed to commence with the first day of January, although the legal year did not commence until March 25th, the intermediate time being doubly indicated: thus February 15, 1724, and so on. This mode of reckoning was altered by the statute 24 Geo. II. cap. 23, which gave rise to an act of assembly of Pennsylvania, passed March 11, 1752; 1 Sm. Laws, 217, conforming thereto, and also to the repeal of the act of 1710.
     5. In New York it is enacted that whenever the term "year" or "years" is or shall be used in any statute, deed, verbal or written contract, or any public or private instrument whatever, the year intended shall be taken to consist of three hundred and sixty-five days; half a year of a hundred and eighty-two days; and a quarter of a year of ninety-two days; and the day of a leap year, and the day immediately preceding, if they shall occur in any period so to be computed, shall be reckoned together as one day. Rev. Stat. part 1, c. 19, t. 1, Sec. 3.

References in periodicals archive ?
This section mandates that employers who withheld $12,000 or more during the look-back period for the calendar year must make semi-weekly payments of the amounts withheld during each remaining quarter of that calendar year and for the succeeding calendar year.
residency during the calendar year requires maintenance of a "closer connection" to another country based on general U.
5, 2001, Page 791, clarifies these effective dates as follows: "For this purpose, distributions for calendar year 2001 do not include a distribution that is required to be made by April 1, 2001, for calendar year 2000, such as for an IRA owner or retired qualified plan participant who attains age 70.
However, if instead, $10 million is paid during the next calendar year (as indicated by the prior three-year average) and no additional reserves are added to the current reserves, then the new three-year average payment is now $9 million (averaging $7 million, $10 million, and $10 million).
For example, a five-year, calendar-year lease providing for rent of $100,000 per calendar year and total rent of $500,000 contains a qualifying rent allocation.
However, a participant's right is legally binding if the compensation can be reduced or eliminated only upon an unlikely condition, such as a 50% drop in the Dow Jones industrial average during a given calendar year.
For a special partner, the payment commencement year is the later of the calendar year following the calendar year in which the special partner's retirement date occurs, or the calendar year in which he or she attains age 60 (age 55, for partners with 25 years or more of service).
7701(b)(1)(A)(i) provides that an RA is a person who is a lawfully permanent RA at any time during the calendar year.
The new RMD rules are proposed to be effective for distributions from QRPs for calendar years beginning after 2001.