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.
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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.

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 ?
ROUND THE CLOCK CARPARK: Holidaymakers have left their cars at Tesco before heading to the airport
"The best tip for British holidaymakers is to do a little bit of research and preparation.
Those travelling overseas for half-term will find sterling has strengthened against many currencies compared with a year ago, making holidaymakers' cash go further on their getaways.
The research reveals that while 77% of holidaymakers set a budget for their last trip abroad, less than a third (32%) stuck to it.
<B Over half (58%) of holidaymakers who bought through GoCompare in 2017 did so within one week of their departure date
This service is currently available for holidaymakers staying in 22 hotels this summer across Gran Canaria, Tenerife, Rhodes, Zante and Crete, including seven Thomas Cook own brand hotels, and is set to be expanded to more destinations and hotels in summer 2019.
Our hotel has 90 per cent occupancy, mainly by local holidaymakers," he added.Sun Africa Hotels chief executive Mohamed Hersi said for the past three years, the region has been depending on domestic tourists from Nairobi.
Foreign Secretary Boris Johnson topped the list of political travel companions with 23% of the vote, as holidaymakers perhaps hope to grill him over his thoughts on Brexit.
And, according to comparison website TravelSupermarket, as well as the weaker pound to contend with, many holidaymakers are pushing their costs up by not prioritising properly.
Travel Business Review-April 6, 2016--'Returnerism' trending among UK holidaymakers, ATOL research