Define: Business Day
What does "Business Day" mean? The meaning differs based on the contract. We found 10 definitions across 64 companies in SEC filings.
Definition 1 (ENTERGY CORP /DE/, seen in 29 filings)
Business Day means any day other than a Saturday, Sunday, or day on which commercial banks are authorized to close.
Source: ENTERGY CORP /DE/ 8-K
Definition 2 (Air Products & Chemicals, Inc., seen in 3 filings)
Business Day means a day other than a Saturday, Sunday, or day on which commercial banks are authorized to close.
Source: Air Products & Chemicals, Inc. 10-Q
Definition 3 (EXELON CORP, seen in 2 filings)
Business Day means any day (other than a Saturday or a Sunday) on which banks are open for business in New York City or Chicago, Illinois; provided that, in relation to RFR Loans and any interest rate settings, fundings, disbursements, settlements or payments of any such RFR Loan, or any other dealings of such RFR Loan, any such day that is only an U.S. Government Securities Business Day.
Source: EXELON CORP 10-K
Definition 4 (Air Products & Chemicals, Inc., seen in 1 filing)
Business Day means a day of the year on which banks are not required or authorized to close in New York, New York.
Source: Air Products & Chemicals, Inc. 10-K
Definition 5 (AMERICAN INTERNATIONAL GROUP, INC., seen in 1 filing)
Business Day means any day that is not a Saturday, Sunday or other day on which commercial banks are authorized or required by law to remain closed in New York City; provided that, when used in connection with a Loan denominated in a Foreign Currency, the term Business Day shall also exclude any day on which banks are not open for general business in the principal financial center of the country of such Foreign Currency.
Source: AMERICAN INTERNATIONAL GROUP, INC. 10-Q
Definition 6 (BOEING CO, seen in 1 filing)
Business Day means any day that is not a Saturday, Sunday or other day of the year on which banks are required or authorized to close in New York City.
Source: BOEING CO 8-K
Definition 7 (CINCINNATI FINANCIAL CORP, seen in 1 filing)
Business Day means any day other than a Saturday or Sunday or a legal holiday on which commercial banks are authorized or required to be closed, or are in fact closed, for business in New York, New York or Cincinnati, Ohio (or, if otherwise, the lending office of the Administrative Agent); provided that, when used in connection with an amount that bears interest at a rate based on SOFR or any direct or indirect calculation or determination of SOFR, the term Business Day means any such day that is also a U.S. Government Securities Business Day.
Source: CINCINNATI FINANCIAL CORP 8-K
Definition 8 (DELTA AIR LINES, INC., seen in 1 filing)
Business Day means any day except Saturday, Sunday and any day on which banking institutions in the State of New York generally are authorized or required by law or other governmental actions to close provided that banks shall be deemed to be generally open for business in the event of a shelter in place or similar closure of physical branch locations at the direction of any governmental entity if such banks electronic funds transfer system (including wire transfers) are open for use by customers on such day.
Source: DELTA AIR LINES, INC. 10-K
Definition 9 (CHEVRON CORP, seen in 1 filing)
Business Day means a day other than Saturday or Sunday on which banks located in Houston, Texas are open for the transaction of business.
Source: CHEVRON CORP 10-Q
Definition 10 (Walmart Inc., seen in 1 filing)
Business Day means any day other than a Saturday, Sunday, or legal holiday.
Source: Walmart Inc. 10-K
Data extracted from 186 SEC EDGAR filings across 64 companies. Source: Material contracts (Exhibit 10) filed under Regulation S-K.
This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.