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. 2013.
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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
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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00:10
Bank holiday is always a great word to know.
So is ort. Does it mean:
a screen or mat covered with a dark material for shielding a camera lens from excess light or glare.
a scrap or morsel of food left at a meal.
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
The key elements of the bank holiday he has announced.
However, if you designate a weekend or bank holiday, the payment will be
  withdrawn the next business day.
Hordes of weekend tourists descend, especially in summertime and on bank
  holiday weekends.
If the tax payment is due on bank holiday or a weekend, the payment is due the
  next business day.
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