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Calendar year

Did you mean: Calendar year (investment), year (in astronomy), Tax Year (investment)

 
Sci-Tech Dictionary:

calendar year

(′kal·ən·dər ′yir)

(astronomy) The year in the Gregorian calendar, common years having 365 days and leap years 366. Also known as civil year.


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Investment Dictionary:

Calendar Year

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The one-year period that begins on January 1 and ends on December 31, based on the commonly used Gregorian calendar. For individual and corporate taxation purposes, a calendar year will generally comprise all of the year's financial information used to calculate income tax payable.

Investopedia Says:
Most individuals and many companies use the calendar year as their fiscal year, or the one-year period on which their payable taxes are calculated. However, some companies choose to report their taxes based on a fiscal year (e.g. starting on April 1 and ending on March 31) to better conform to seasonality patterns or other accounting concerns applicable to their businesses.

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From sales tax deductions to credit reports, check out what items should be on your financial checklist. Don't Put Off Your Year-End Plan
We clarify some rules that often puzzle taxpayers. Common Tax Questions Answered


Business Dictionary:

Calendar Year

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Continuous period beginning January 1 and ending December 31. Contrast with Fiscal Year.

Wikipedia:

Calendar year

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Generally speaking, a calendar year begins on the New Year's Day of the given calendar system and ends on the day before the following New Year's Day. By convention, a calendar year consists of a natural number of days. To reconcile the calendar year with an astronomical cycle (which could not possibly be reckoned in a whole number of days), certain years contain extra days. Through further insertion of non-day units of time, the calendar year can be further synchronized; however, these extra units of time are not considered part of the calendar.

The Gregorian year begins on January 1 and ends on December 31 with a length of 365 days in an ordinary year and 366 days in a leap year giving an average length of 365.2425 days. This is very close to the average length of 76 Islamic calendar years (based on the average time between successive vernal equinoxes, currently 365.2424 days and increasing marginally). Other formula-based calendars can have lengths which are further out of step with the solar cycle, for example, the Julian calendar has an average length of 365.25 days, and the Hebrew calendar has an average length of 365.2468 days.

The astronomer's mean tropical year which is averaged over equinoxes and solstices is currently 365.24219 days, slightly shorter than the average length of the year in most calendars, but the astronomer's value changes over time, so William Herschel's suggested correction to the Gregorian calendar may become unnecessary by the year 4000.

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Did you mean: Calendar year (investment), year (in astronomy), Tax Year (investment)

Learn More
CY (abbreviation)
common year (astronomy)
New Year (day or days of the calendar year)

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Sci-Tech Dictionary. McGraw-Hill Dictionary of Scientific and Technical Terms. Copyright © 2003, 1994, 1989, 1984, 1978, 1976, 1974 by McGraw-Hill Companies, Inc. All rights reserved.  Read more
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Business Dictionary. Dictionary of Business Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved.  Read more
Wikipedia. This article is licensed under the Creative Commons Attribution/Share-Alike License. It uses material from the Wikipedia article "Calendar year" Read more

 

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