Definition of floating holiday in English:
1A public holiday that does not fall on the same numeric date each year, such as the US Thanksgiving, which always falls on the fourth Thursday of November.
- However, while seasonal adjustment is very common and necessary, it doesn't always work for data like retail sales, which can be significantly affected by floating holidays like Easter.
- Someone mentioned earlier in the thread that Thanksgiving is a "floating" holiday (ie, not held on the same date each year).
- Columbus Day is a floating holiday, it is always on Monday.
2A paid day off from work, given as a substitution for a public holiday and typically taken on a day chosen by the employee.
- In January, a resolution allowing county employees to use the day as a floating holiday failed by one vote.
- Workers also received a floating holiday meant to answer the demands by various immigrant groups in the union for time off for days celebrating important cultural events.
- At the Manhattan headquarters, Dr. King's birthday is a "floating holiday," one of several workers can choose to take off during the year.
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