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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.
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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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
'We will not entertain any future additional public holidays announced by the government, the list of holiday stated by the company is final,' it said then.
Whatever they lose from one holiday by cutting the costs they would make up with an extra family going abroad.
TERMS & CONDITIONS: These Terms and Conditions and How to Book apply to all holidays booked through this offer and, together with our Booking Terms and the standard conditions of the holiday park or resort operator, form the basis of your contract with your park or resort operator and theirs with you.
Investigation of the varying behavior of holiday effect is conceded by sub-sample analysis across the time period of the study.
When you've collected your passwords, enter them at find and book your holiday.
-RA 11134: Declaring June 11 of every year a special non-working holiday in Sagay, Negros Occidental, in commemoration of its founding anniversary.
( Why Target Could Be the Big Winner in Toys This Holiday Season
They spent a holiday chiefly in central Slovakia, followed by eastern Slovakia, while the lowest share spent a holiday in western Slovakia.
The previous administration dispensed with "holiday economics" and fixed the number of official holidays in a year.
The business groups hit the Senate for 'flip-flopping' from its earlier position to oppose all proposals for new nonworking holidays. They said it was 'regrettable' senators reversed from that stance and approved the December 8 holiday.
DATA PROTECTION: For the purposes of the General Data Protection Regulation (GDPR), BreakFree Holidays and Trinity Mirror Shared Services are Joint Data Controllers of all personal data provided .