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BANK HOLIDAY

BANK HOLIDAY
ScnAdmin
a legal holiday or weekday when banks are not open for business.
BANK HOLIDAY
ScnMaster
(British) any of several legal holidays, usually on a Monday, when banks, schools, etc., are closed. SHSBC Binder 3 Approved Glossary
BANK HOLIDAY
ScnTUEU
(British) any of several legal holidays, usually on a Monday, when banks, schools, etc., are closed.(British) weekdays which are recognized as legal holidays for banks, schools, government offices and other businesses to allow employees time off. The term originated from a practice at the Bank of England in the early 19th century which, at that time, gave its employees forty weekday holidays per year in recognition of certain Saint's days that occurred throughout the year. In 1830 this number was reduced to eighteen days by the bank and in 1834 it was again reduced by the bank to only four days. Later, in the year 1871, a law was passed by the British government in an effort to improve social conditions for workers in Britain. The law made certain days "Bank holidays," for the whole country not just for banks. A memorable day, because it's the day after bank holiday parade and nobody has pneumonia from the usual rain that they have on bank holiday. -A Summary of Study (4 Aug. 64) n. certain weekdays recognized as legal holidays for banks, schools, government offices and other businesses to allow employees time off. The term originated from a practice of the Bank of England in the early nineteenth century which gave its employees forty weekday holidays annually in recognition of certain Saint's days that occurred throughout the year. In 1830 this number was reduced by the bank to eighteen days and in 1834 it was reduced again to only four days. In 1871, a law was passed by the British government in an effort to improve social conditions for all workers in Britain making certain days "bank holidays," for the whole country not just for banks.(British) any of several legal holidays, usually on a Monday, when banks, schools, etc., are closed. A memorable day, because it's the day after bank holiday parade and nobody has pneumonia from the usual rain that they have on bank holiday. TA Summary of Study (4 Aug. 64)