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Definition and Interpretation. Business Day means a day other than a Saturday, Sunday or statutory holiday on which the banks in New York, New York and Monaco are required to close. (...) For the purpose of this paragraph, Business Day shall means a day on which banks in Toronto Canada are open for business.
A bank holiday is a public holiday in the United Kingdom, some Commonwealth countries, other European countries such as Switzerland, and a colloquialism for a public holiday in Ireland.n Hong Kong, the term bank holiday is used colloquially to refer to public holidays, since banks are normally closed on these days. Hong Kong has maintained a distinction between public holidays and statutory holidays; the number of days for the latter is fewer.