A complete list of the legal terms and definitions every attorney, paralegal, and law student needs to know.
A banking day is any day on which banks are open to the public and are generally carrying on their normal banking functions. A banking day is generally any day except Saturday, Sundays and legal holidays. Federal Reserve regulations define these holidays as New Year’s Day, Martin Luther King Jr.’s Birthday, Washington’s Birthday (Presidents’ Day), Memorial Day, Labor Day, Independence Day, Labor Day, Columbus Day, Veterans Day, Thanksgiving Day and Christmas Day. Where the holiday falls on a Saturday or Sunday it is celebrated on the following Monday.
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