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:
“Taxes are the chief business of a conqueror of the world.”
—George Bernard Shaw (1856–1950)
“There is something else which has the power to awaken us to the truth. It is the works of writers of genius.... They give us, in the guise of fiction, something equivalent to the actual density of the real, that density which life offers us every day but which we are unable to grasp because we are amusing ourselves with lies.”
—Simone Weil (1909–1943)