9 Grammatical Pitfalls

fiscal year

any yearly period without regard to the calendar year, at the end of which a firm, government, etc., determines its financial condition.
Origin of fiscal year
1835-45, Americanism Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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Examples from the web for fiscal year
  • At the end of the fiscal year, you spend what monies are left or risk losing them in the next budget year.
  • The governor and state legislature reached agreement on a budget for the current fiscal year that was more than two months late.
  • Any sums appropriated under this subsection shall remain available, without fiscal year limitation, until expended.
  • Despite the good news, there are reasons to worry that endowments may not do as well in the current fiscal year.
  • First, it reports growth for the fiscal year, not the calendar year.
  • What is more, opposition parties have threatened to block implementation of the spring budget for the next fiscal year.
  • The following pages contain the current and prior fiscal year apportionments for each grant program.
British Dictionary definitions for fiscal year

fiscal year

noun (US & Canadian)
any annual period at the end of which a firm's accounts are made up
the annual period ending April 5, over which Budget estimates are made by the British Government and which functions as the income-tax year
Also called (in Britain and certain other countries) financial year
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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fiscal year in Culture

fiscal year definition

A twelve-month period for which an organization, such as a government or corporation, plans the use of its funds. Commonly, fiscal years run from July 1 to June 30, or, in the case of the U.S. government, from October 1 to September 30.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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