Bank Holiday
A bank holiday is a national public holiday in the United Kingdom and the Crown Dependencies, and a colloquial term for a public holiday in Ireland. In the United Kingdom, the term is used to refer to all public holidays, be they set out in statute, declared by royal proclamation, or held by convention under common law. In Ireland, there are some bank holidays which are not public holidays.
The term "bank holiday" refers to the fact that banking institutions typically close for business on such holidays, as they once did on certain saint's days.
Bank holidays were introduced by John Lubbock, 1st Baron Avebury in the Bank Holidays Act 1871, which was superseded by the Banking and Financial Dealings Act 1971.
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