quarter day

Hist. One of four days during a year that money owed (such as rent) was legally or customarily payable.

• In England and Wales the quarter days are Lady Day, March 25; Midsummer Day, June 24; Michaelmas Day, September 29; and Christmas Day, December 25. In Scotland the traditional quarter or term days are Candlemas, February 2; Whitsunday (or Whitsuntide), May 15; Lammas, August 1; and Martinmas, November 11. Scotland’s statutory quarter or term days are the 28th of February, May, August, and November. If a document specifies a different date for a quarter day, then the specified date controls.

— Also termed (in Scots law) term day.


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