A business day is considered every official working day of the week. Another common term is working day. Typically, these are the days between and including Monday to Friday and do not include public holidays and weekends.
The definition of a business day varies by region. It depends on the local workweek which is dictated by local customs, religions, and business operations. For example, in Saudi Arabia, business days are usually Saturday to Wednesday, whereas in the United States and much of the Western world, they are typically Monday to Friday, and in United Arab Emirates, Israel and Egypt, they are from Sunday to Thursday.
Business days are commonly used by couriers when determining the arrival date of a package. If courier ships a parcel on a Thursday that will be delivered in "two business days", it will arrive on the following Monday (if Friday is not a holiday).
In finance, how business days are defined are called "business day conventions" and determine how payments are settled on contracts such as interest rate swaps.
Read more about Business Day: Shifts and Trends
Famous quotes containing the words business and/or day:
“all the arts lose virtue
Against the essential reality
Of creatures going about their business among the equally
Earnest elements of nature.”
—Robinson Jeffers (1887–1962)
“Before a day was over,
Home comes the rover,
For mother’s kiss—sweeter this
Than any other thing!”
—William Allingham (1824–1889)