Entry from British & World English dictionary
Definition of quarter day in English:
Each of four days fixed by custom as marking off the quarters of the year, on which some tenancies begin and end and quarterly payments of rent and other charges fall due.
- Many landlords are themselves affected by the disease and are aware of the difficulties that will arise at the coming quarter day (when rents fall due, March 25).
- It terminates if thereafter either party to the agreement (including the tenant's personal representatives in the case of death) serves on the other one month's notice, expiring on a quarter day.
- Until comparatively recently in Scotland, the Celtic new year's day was one of the four ancient quarter days on which rents were due, leases came up for renewal and annual employment contracts ended.
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