holiday

A2 · Elementary Countable noun

n. a special day when most people do not work, like Christmas or a national day.

n. a specific day designated by law or custom on which ordinary business is suspended in commemoration of an event.

“Monday is a public holiday, so the banks and post offices will be closed.”

“The government declared a national holiday to celebrate the team's unexpected victory in the world championship.”

C1 · Advanced Countable noun Finance Technical

n. a period of time when you are allowed to stop making regular payments.

n. a contractually agreed period during which a borrower is permitted to suspend regular repayments.

“The bank offered a three-month mortgage holiday to help people during the crisis.”

“Under the terms of the loan agreement, the startup was granted a repayment holiday for the first six months of operation.”

B2 · Upper Intermediate British English

v. to spend your time away from home for fun or rest.

v. to spend a period of time away from one's usual residence for recreation. Intransitive use.

“The couple usually holiday in the south of France during the autumn.”

“Having holidayed in the same coastal village for twenty years, they felt more like locals than tourists.”