A day free from work that one may spend at leisure, especially a day on which custom or the law dictates a halting of general business activity to commemorate or celebrate a particular event.
A religious feast day; a holy day.
Chiefly British A vacation. Often used in the phrase on holiday.
intr.v.
holi·dayed, holi·day·ing, holi·daysChiefly British To pass a holiday or vacation.
[Middle English holidai, holy day, from Old English hālig dæg : hālig, holy; see holy + dæg, day; see day.] hol'i·day'er n.
(hŏl'ĭ-dā') 
ɪˌdeɪ