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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 ?
Caption: Strong sales made for a festive holiday season for retailers.
Coincidentally, the holiday season is also the time when the international community under the United Nations meets to negotiate ways to address climate change.
The best part of the holiday season is spending time with those we love.
A few simple strategies can help holiday revelers ensure their Christmas trees make it through the holiday season unscathed.
( How to Score a Cheap TV This Holiday Season
This holiday season, a pack (or two) of these little throat miracles can help save you from pesky throat discomforts.
It's vital that you're careful about how much alcohol you consume during the holiday season. The quantity of alcohol you may have tolerated with few effects when younger results in a higher blood alcohol level when you're older.
The plan for the critical holiday season reflects a trend of retailers trying to make stores more inviting even as they improve online services.
Men's fashion company SprezzaBox reported on Tuesday the launch of a partnership with Macy's for the holiday season.
NRF's Chief Industry Analyst, Marshal Cohen, noted that "discounts have been too readily available this holiday season to offset declines compared to last year"; dollar sales were 11% lower in the week ending Dec.
Although many experts expected it to be lackluster, Christmas 2015 -- along with the rest of that year's holiday season -- actually saw an increase in holiday spending, possibly helped by an improving economy.
Riyadh, Jeddah and Jazan have seen a high demand for cars this holiday season, leading to a sharp hike in rents, a survey by a local daily has found.