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May Day

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May Day

–noun
the first day of May, long celebrated with various festivities, as the crowning of the May queen, dancing around the Maypole, and, in recent years, often marked by labor parades and political demonstrations.

Origin:
1225–75; ME
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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May Day  
n.  
  1. May 1, observed in the United States, Canada, and parts of Western Europe in celebration of the coming of spring.

  2. May 1, observed as a holiday especially in socialist countries in honor of labor and labor organizations.

The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Word Origin & History

May Day 
"first of May," 1438. Accounts of merrymaking on this date are attested from c.1240. Synonymous with "communist procession" from at least 1906. Maypole "high pole painted with spiral stripes and decorated with flowers, set up in public places for May Day celebrants to dance around" is attested from 1554 but certainly much older, as the first mention of it is in an ordinance banning them, and there are references to such erections, though not by this name from a mid-14c. Welsh poem. The May Queen, however, seems to be a Victorian re-invented tradition.
Online Etymology Dictionary, © 2001 Douglas Harper
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Financial Dictionary

May Day

Refers to May 1st, 1975, when brokerages changed from a fixed commission for securities transactions to a negotiated one.

Investopedia Commentary

Previous to this, commissions were standard from broker to broker. The elimination of fixed minimum commissions, saw the advent of discount brokerages which offer lower fees but no investment advice.

Related Links

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See also: Broker, Commission, Discount Broker

Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc.
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Financial Dictionary

May Day

A widely used reference to May 1, 1975, the date on which brokerage commissions on securities became negotiable. May Day ushered in discount brokerage firms that charge investors reduced fees.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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