holiday

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Vacation

A period of time during which one ordinarily would work but does not, normally to engage in some pleasure. One may spend a vacation traveling, relaxing or simply organizing one's personal life. Many companies offer paid vacation time to employees after a certain period of employment. Some jurisdictions require paid vacations.

holiday

A day set apart for commemorating an important event.The term is used often in contracts and leases when computing time,as when a certain number of days are allowed for an action, but if the due date falls on a weekend or holiday,it will be the next business day.Leases,in particular,limit delivery of certain services,such as heating and air conditioning,on weekends and holidays. The better practice is for the contract or lease to define the holidays meant by it.In the absence of such a definition, holidays will usually include federal holidays, when federal offices are closed, and may include state holidays when state offices are closed,if different.

References in periodicals archive ?
As well as having some spectacular Halloween costumes, Four Seasons Greetings has an array of peculiar costumes for other occasions too.
Posing with former NBA great Wilt Chamberlain, a live in-studio guest on a show two weeks ago, McDonnell's card wishes seasons greetings ``from The Big Dipper and The Big Nasty.
The problem this poses is that many worms and trojan horses will undoubtedly attempt to travel in the guise of these apparently innocent seasons greetings.
Seasons greetings and best wishes from the staff and management of Medinah Energy, Inc.