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CARD 2 OF 2

fiscal year

noun

Reveal meaning and examples

A twelve-month period used for accounting or financial reporting.

The association begins its fiscal year in July.
Dictionary practice example.
The neighborhood theater recorded expenditure on paint, costumes, and room hire in separate columns so members could see where its money went. Its fiscal year ran from the start of September through the end of August, covering twelve months even though it crossed calendar years.
From A Budget Across Two Seasons.
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