quarter dayquarter day
any of the four days regarded as beginning a new quarter of the year, when quarterly payments on rents, etc. are due
Any of the four days of the year regarded as the beginning of a new season or quarter, when most quarterly payments are due.
(plural quarter days)
- Each of the four days customarily regarded as starting a new quarter year.
- in England: Lady Day (25 March), Midsummer Day (24 June), Michaelmas (29 September), Christmas Day (25 December).
- in Scotland: Candlemas (2 February), Whitsun (15 May), Lammas (1 August), Martinmas (11 November).
- Elsewhere, where the term "quarter day" is not used, January 1st, April 1st, July 1st and October 1st each mark the start of a quarter, especially a fiscal quarter.
- (UK) Each of the four days customarily regarded as starting a new quarter year, on which rents etc are often due.
quarter- +"Ž day.