Year in United States

Year Definition

The period in which the revolution of the earth around the sun, and the accompanying changes in the order of nature, are completed. The civil year differs from the astronomical, the latter being composed of three hundred and sixty-five days, five hours, forty-eight seconds and a fraction, while the former consists sometimes of three hundred and sixty-five days, and at others, in leap years, of three hundred and sixtysix days. The year is divided into half-year, which consists, according to Coke (Litt. 135b), of one hundred and eighty-two days; and quarter of a year, which consists of ninetyone days (Id.; 2 Rolle, Abr. 521, lib. 40). It is further divided into twelve months. The civil year commences immediately after 12 o’clock at night of the thirty-first day of December, that is the first moment of the first day of January, and ends at midnight of the thirty-first day of December twelve months thereafter. See Comyn, Dig. Annus; 2 Bl. Comm. 140, note; Chit. Prac. Index. “Time.” In computing time by the calendar year, days are not counted, but the calendar is examined and the day numerically corresponding to that day in the following year is ascertained, and the calendar year expires on that day less one. 209 111. App. 320. 279 111. 408. Unless from the context or otherwise a different intent is gathered, the word “year” when used in a statute is construed to mean a calendar year. 104 Iowa 204; 104 Iowa 293. In New York it is enacted that whenever the term “year” or “years” is or shall be used in any statute, deed, verbal or written contract, or any public or private instrument whatever, the year intended shall be takeji to consist of three hundred and sixty-five days; half a year, of a hundred and eighty-two days; and a quarter of a year, of ninety-two days; and the day of a leap year, and the day immediately preceding, if they shall occur in any period so to be computed, shall be reckoned together as one day. Rev. St. pt. 1, c. 19, tit. 1, § 3.

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The period in which the revolution of the earth around the sun, and the accompanying changes in the order of nature, are completed. The civil year differs from the astronomical, the latter being composed of three hundred and sixty-five days, five hours, forty-eight seconds and a fraction, while the former consists sometimes of three hundred and sixty-five days, and at others, in leap years, of three hundred and sixtysix days. The year is divided into half-year, which consists, according to Coke (Litt. 135b), of one hundred and eighty-two days; and quarter of a year, which consists of ninetyone days (Id.; 2 Rolle, Abr. 521, lib. 40). It is further divided into twelve months. The civil year commences immediately after 12 o’clock at night of the thirty-first day of December, that is the first moment of the first day of January, and ends at midnight of the thirty-first day of December twelve months thereafter. See Comyn, Dig. Annus; 2 Bl. Comm. 140, note; Chit. Prac. Index. “Time.” In computing time by the calendar year, days are not counted, but the calendar is examined and the day numerically corresponding to that day in the following year is ascertained, and the calendar year expires on that day less one. 209 111. App. 320. 279 111. 408. Unless from the context or otherwise a different intent is gathered, the word “year” when used in a statute is construed to mean a calendar year. 104 Iowa 204; 104 Iowa 293. In New York it is enacted that whenever the term “year” or “years” is or shall be used in any statute, deed, verbal or written contract, or any public or private instrument whatever, the year intended shall be takeji to consist of three hundred and sixty-five days; half a year, of a hundred and eighty-two days; and a quarter of a year, of ninety-two days; and the day of a leap year, and the day immediately preceding, if they shall occur in any period so to be computed, shall be reckoned together as one day. Rev. St. pt. 1, c. 19, tit. 1, § 3.

This definition of Year is based on The Cyclopedic Law Dictionary. This entry needs to be proofread.

Year (Internet Law)

This section introduces, discusses and describes the basics of year. Then,
cross references and a brief overview about Internet Lawin relation to year is provided. Note that a list of bibliography resources and other aids appears at the end of this entry.

Concept of Year-to-Date (YTD) or Cumulative to Date in Foreign Trade

A definition of Year-to-Date (YTD) or Cumulative to Date in relation with foreign trade is provided here: Data for January of the current year through the current data month. For example, if merchandise trade data were just released for July, the YTD totals would be for the first seven months (January-July).