fiscal year

noun

1. any yearly period without regard to the calendar year, at the end of which a firm, government, etc., determines its financial condition.

fiscal year

noun

1. any annual period at the end of which a firm's accounts are made up

2. the annual period ending April 5, over which Budget estimates are made by the British Government and which functions as the income-tax year

fiscal year

1. A twelve-month period for which an organization, such as a government or corporation, plans the use of its funds. Commonly, fiscal years run from July 1 to June 30, or, in the case of the U.S. government, from October 1 to September 30.

Word History and Origins

Origin of fiscal year¹

An Americanism dating back to 1835–45

Example Sentences

The government has enough money to fund Medicaid for the first quarter of the next fiscal year, AP reported.

From Los Angeles Times

Niccol did not specify how many stores would close, but said the company will end its fiscal year with nearly 18,300 stores across the U.S. and Canada.

From Los Angeles Times

A shutdown takes place if an agreement is not reached by the start of the fiscal year on 1 October, meaning all non-essential discretionary functions stop.

From BBC

So far this fiscal year, more than 7,500 companies in California have applied for H-1B visas and 61,841 have been approved, data from the U.S.

From Los Angeles Times

The widely circulated figure of UCLA’s athletic department running a combined $219.55-million deficit over the last six fiscal years doesn’t fully reveal the financial situation.

From Los Angeles Times

Related Words

• calendar year 
• financial year