American Heritage® Dictionary of the English Language, Fourth Edition
- n. Any of the four days of the year regarded as the beginning of a new season or quarter, when most quarterly payments are due.
- n. Each of the four days customarily regarded as starting a new quarter year.
GNU Webster's 1913
- n. a day regarded as terminating a quarter of the year; hence, one on which any payment, especially rent, becomes due. In matters influenced by United States statutes, quarter days are the first days of January, April, July, and October. In New York and many other places, as between landlord and tenant, they are the first days of May, August, November, and February. The quarter days usually recognized in England are 25th of March (Lady Day), the 24th of June (Midsummer Day), the 29th of September (Michaelmas Day), and the 25th of December (Christmas Day).
- n. a Christian holy day; one of four specified days when certain payments are due
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