Business Day

AAA

DEFINITION of 'Business Day'

A measurement of time that typically refers to any day in which normal business is conducted. This is generally considered to be Monday through Friday from 9am to 5pm local time, and excludes weekends and public holidays. Within the securities industry, any day the financial markets are open for trading is considered to be a business day.

INVESTOPEDIA EXPLAINS 'Business Day'

Consumers often encounter the issue of a business day when depositing a check that needs to clear. Depending on the size of the check being deposited and the location of the issuer it can take between two and 15 business days for a check to clear, and those days do not include weekends or observed public holidays, which can extend the time period that a depositor needs to wait to access those funds. When conducting international business transactions, individuals and companies should be aware that business days may vary by country due to a difference in the public holidays observed.

RELATED TERMS
  1. Available Balance

    Balances in checking or on-demand accounts where there is a delay ...
  2. Check

    A written, dated and signed instrument that contains an unconditional ...
  3. Checking Account

    A transactional deposit account held at a financial institution ...
  4. Bounced Check

    A slang word for a check that cannot be processed because the ...
  5. Insufficient Funds

    Occurs when an account cannot provide adequate funds to satisfy ...
  6. Float Time

    The amount of time between when an individual writes and submits ...
Related Articles
  1. Retirement

    Tired Of Banks? Try A Credit Union

  2. Options & Futures

    Demystification Of Bank Accounts

  3. Retirement

    The History Of The FDIC

  4. Personal Finance

    Cut Your Bank Fees

Hot Definitions
  1. Capitulation

    When investors give up any previous gains in stock price by selling equities in an effort to get out of the market and into ...
  2. Turkey

    Slang for an investment that yields disappointing results or turns out worse than expected. Failed business deals, securities ...
  3. Conduit Issuer

    An organization, usually a government agency, that issues municipal securities to raise capital for revenue-generating projects ...
  4. Financing Entity

    The party in a financing arrangement that provides money, property, or another asset to an intermediate entity or financed ...
  5. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  6. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
Trading Center