CALENDAR
Business Day
A day on which the relevant market or payment system is open for the required operation.
Market use
Calendars differ by currency, venue and contract.
What it means
A day on which the relevant market or payment system is open for the required operation.
Example
A date can be a business day in New York but a holiday in another financial center.
How to interpret it
This concept should be read together with its market convention, measurement horizon and underlying instrument. BondStats presents it as an analytical reference rather than investment advice; instrument documentation and primary market rules remain authoritative.
Related Conventions
BondStats reference content is independently written. Mathematical relationships, abbreviations and market conventions are presented for educational and analytical use.