What is NON-BUSINESS DAY?

Days such as public holidays or the weekend when business transactions do not take place. If a contract is due on a non-business day, it is usually processed on the first business day thereafter. In addition, Non-business days are not taken into account while computing days of grace that is included in an insurance policy

More On This Topic



Link to This Definition
Did you find this definition of NON-BUSINESS DAY helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary