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English definition of “first quarter”

first quarter

noun [C, usually singular]    
( abbreviation Q1, US also fiscal first quarter) ACCOUNTING, FINANCE the first three months in a company's financial year: The company reported an excellent first quarter 2011. Directors are scheduled to meet brokers today to discuss the firm's first-quarter performance.
the three months from January 1 to March 31: The number of cars registered rose by 15% in the first quarter of this year.
(Definition of first quarter noun from the Cambridge Business English Dictionary © Cambridge University Press)
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