The name leap year probably comes from the fact that while a fixed date in the Gregorian calendar normally advances one day of the week from one year to the next, the day of the week in the 12 months following the leap day (from March 1 through February 28 of the following year) will advance two days due to the extra day (thus leaping over one of the days in the week).
DEFINITION of 'Return'. The gain or loss of a security in a particular period. The return consists of the income and the capital gains relative on an investment. It is usually quoted as a percentage.
Definition of absolute return. The term absolute in a mathematical sense refers to the numerical value of a number without its sign. For example, the absolute value of -7 is 7. Absolute return in the financial context has a similar connotation.