Business Day

Business Day refers to any day on which normal business operations are conducted. Typically, this excludes weekends and public holidays. The specific definition can vary by region or industry.

For example:

• If a company operates from Monday to Friday, a business day would be any of those five days.
• In the financial sector, if a transaction is initiated on a Friday, it may not be processed until the following Monday, which is considered a business day.

Cases where the definition matters include:

• Contractual agreements often specify actions required within a certain number of business days, impacting deadlines.
• Banking operations may only process transactions on business days, affecting fund availability.