Meaning of “quarter day” in the English Dictionary

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"quarter day" in Business English

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quarter daynoun [ C ]

uk us UK

FINANCE, ACCOUNTING the first day of a quarter (= a period of three months) on which payments are made:

Landlords often insist that for management purposes the term of the lease should begin on a quarter day.

(Definition of “quarter day” from the Cambridge Business English Dictionary © Cambridge University Press)