bank holiday

noun
1.
a weekday on which banks are closed by law; legal holiday.
2.
British. a secular day on which banks are closed, obligations then falling due being performable on the following secular day.

Origin:
1870–75

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Collins
World English Dictionary
bank holiday
 
n
(in Britain) any of several weekdays on which banks are closed by law and which are observed as national holidays

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Encyclopedia Britannica
Encyclopedia

bank holiday

in the United Kingdom, any of several days designated as holidays by the Bank Holidays Act of 1871 and a supplementary act of 1875 for all the banks in England, Wales, Northern Ireland, and Scotland. Although these days are not statutory public holidays, their observance is no longer limited to banks.

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Encyclopedia Britannica, 2008. Encyclopedia Britannica Online.
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Example sentences
Hordes of weekend tourists descend, especially in summertime and on bank
  holiday weekends.
If the due date falls on a weekend or bank holiday, the due date is extended to
  the next business day.
If you designate a weekend or bank holiday, the bank will withdraw the payment
  on the next business day.
However, if you designate a weekend or bank holiday, the payment will be
  withdrawn the next business day.
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