civil year (Meaning)
Wordnet
civil year (n)
the year (reckoned from January 1 to December 31) according to Gregorian calendar
Synonyms & Antonyms of civil year
No Synonyms and anytonyms found
civil year Sentence Examples
- According to the legal definition, a civil year spans from January 1st to December 31st.
- The tax code operates on a civil year basis, with tax obligations calculated from January 1st to December 31st.
- Legal contracts often specify terms that apply for the duration of the civil year.
- Businesses typically prepare their financial statements on a civil year basis, aligning with standard accounting practices.
- Civil year reporting ensures consistency in financial reporting across different entities.
- Legal deadlines and statutes of limitations are often measured in terms of the civil year.
- The civil year provides a clear and standardized framework for legal and administrative purposes.
- Many governmental fiscal years align with the civil year, simplifying budgeting and financial planning.
- Employers often provide annual leave entitlements on a civil year basis, resetting at the beginning of each year.
- Understanding the implications of the civil year is crucial for compliance with legal requirements and contractual obligations.
FAQs About the word civil year
the year (reckoned from January 1 to December 31) according to Gregorian calendar
No synonyms found.
No antonyms found.
According to the legal definition, a civil year spans from January 1st to December 31st.
The tax code operates on a civil year basis, with tax obligations calculated from January 1st to December 31st.
Legal contracts often specify terms that apply for the duration of the civil year.
Businesses typically prepare their financial statements on a civil year basis, aligning with standard accounting practices.
