financial year
noun/faɪˌnænʃl ˈjɪə(r)/, /faɪˌnænʃl ˈjɜː(r)/, /fəˌnænʃl ˈjɪə(r)/, /fəˌnænʃl ˈjɜː(r)/
/faɪˌnænʃl ˈjɪr/, /fəˌnænʃl ˈjɪr/
(British English) (British English also tax year)
(North American English fiscal year)
[usually singular]- a period of twelve months over which the accounts and taxes of a company or a person are calculated. The British financial year begins on 6 April.
- The firm made a loss in the first quarter of the current financial year.
Check pronunciation:
financial year