Calendar year in the context of Kiloannus


Calendar year in the context of Kiloannus

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⭐ Core Definition: Calendar year

A calendar year begins on the New Year's Day of the given calendar system and ends on the day before the following New Year's Day, and thus consists of a whole number of days.

The Gregorian calendar year, which is in use as civil calendar in most of the world, begins on January 1 and ends on December 31. It has a length of 365 days in an ordinary year but, in order to reconcile the calendar year with the astronomical cycle, it has 366 days in a leap year. With 97 leap years every 400 years, the Gregorian calendar year has an average length of 365.2425 days.

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Calendar year in the context of Northern Hemisphere

The Northern Hemisphere is the half of Earth that is north of the equator. For other planets in the Solar System, north is defined as being in the same celestial hemisphere relative to the invariable plane of the Solar System as Earth's North Pole.

Due to Earth's axial tilt of 23.439281°, there is a seasonal variation in the lengths of the day and night. There is also a seasonal variation in temperatures, which lags the variation in day and night. Conventionally, winter in the Northern Hemisphere is taken as the period from the December solstice (typically December 21 UTC) to the March equinox (typically March 20 UTC), while summer is taken as the period from the June solstice through to the September equinox (typically on 23 September UTC). The dates vary each year due to the difference between the calendar year and the astronomical year. Within the Northern Hemisphere, oceanic currents can change the weather patterns that affect many factors within the north coast. Such events include El Niño–Southern Oscillation.

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Calendar year in the context of Government budget

A government budget is a projection of the government's revenues and expenditure for a particular period, often referred to as a financial or fiscal year, which may or may not correspond with the calendar year. Government revenues mostly include taxes (e.g. inheritance tax, income tax, corporation tax, import taxes) while expenditures consist of government spending (e.g. healthcare, education, defense, infrastructure, social benefits). A government budget is prepared by the Central government or other political entity. In most parliamentary systems, the budget is presented to the legislature and often requires approval of the legislature. The government implements economic policy through this budget and realizes its program priorities. Once the budget is approved, the use of funds from individual chapters is in the hands of government ministries and other institutions. Revenues of the state budget consist mainly of taxes, customs duties, fees, and other revenues. State budget expenditures cover the activities of the state, which are either given by law or the constitution. The budget in itself does not appropriate funds for government programs, hence the need for additional legislative measures.

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Calendar year in the context of Year

A year is a unit of time based on how long it takes the Earth to orbit the Sun. In scientific use, the tropical year (approximately 365 solar days, 5 hours, 48 minutes, 45 seconds) and the sidereal year (about 20 minutes longer) are more exact. The modern calendar year, as reckoned according to the Gregorian calendar, approximates the tropical year by using a system of leap years.

The term 'year' is also used to indicate other periods of roughly similar duration, such as the lunar year (a roughly 354-day cycle of twelve of the Moon's phases – see lunar calendar), as well as periods loosely associated with the calendar or astronomical year, such as the seasonal year, the fiscal year, the academic year, etc.

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Calendar year in the context of Religious festival

A religious festival is a time of special importance marked by adherents to that religion. Religious festivals are commonly celebrated on recurring cycles in a calendar year or lunar calendar. The science of religious rites and festivals is known as heortology.

Within the Evangelical Lutheran branch of Christianity, "festival" is part of the ranking of feast days in the liturgical kalendar.

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Calendar year in the context of Embolismic month

Intercalation or embolism in timekeeping is the insertion of a leap day, week, or month into some calendar years to make the calendar follow the seasons or moon phases. Lunisolar calendars may require intercalations of days or months.

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Calendar year in the context of List of busiest cruise ports by passengers

This is a list of busiest cruise ports by passengers. The present list intends to include all cruise ports around the world. The ranking is ordered according to total passenger traffic per calendar or fiscal year. The statistics represent data reported by the port operator, a government entity, or a news outlet.

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Calendar year in the context of Fiscal year

A fiscal year (also known as a financial year, or sometimes budget year) is used in government accounting, which varies between countries, and for budget purposes. It is also used for financial reporting by businesses and other organizations. Laws in many jurisdictions require company financial reports to be prepared and published on an annual basis but generally with the reporting period not aligning with the calendar year (1 January to 31 December). Taxation laws generally require accounting records to be maintained and taxes calculated on an annual basis, which usually corresponds to the fiscal year used for government purposes. The calculation of tax on an annual basis is especially relevant for direct taxes, such as income tax. Many annual government fees—such as council tax and license fees—are also levied on a fiscal year basis, but others are charged on an anniversary basis.

Some companies, such as Cisco Systems, end their fiscal year on the same day of the week each year: the day that is closest to a particular date (for example, the Friday closest to 31 December). Under such a system, some fiscal years have 52 weeks and others 53 weeks.

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Calendar year in the context of Leap year

A leap year (also known as an intercalary year or bissextile year) is a calendar year that contains an additional day (or, in the case of a lunisolar calendar, a month) compared to a common year. The 366th day (or 13th month) is added to keep the calendar year synchronised with the astronomical year or seasonal year. Since astronomical events and seasons do not repeat in a whole number of days, calendars having a constant number of days each year will unavoidably drift over time with respect to the event that the year is supposed to track, such as seasons. By inserting ("intercalating") an additional day—a leap day—or month—a leap month—into some years, the drift between a civilisation's dating system and the physical properties of the Solar System can be corrected.

An astronomical year lasts slightly less than 3651/4 days. The historic Julian calendar has three common years of 365 days followed by a leap year of 366 days, by extending February to 29 days rather than the common 28. The Gregorian calendar, the world's most widely used civil calendar, makes a further adjustment for the small error in the Julian algorithm; this extra leap day occurs in each year that is a multiple of 4, except for years evenly divisible by 100 but not by 400. Thus 1600, 2000 and 2400 are leap years, but not 1700, 1800, 1900, 2100, 2200, and 2300.

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Calendar year in the context of Career Golden Slam

The Grand Slam in tennis is the achievement of winning all four major championships in one discipline in a calendar year. In doubles, a Grand Slam may be achieved as a team or as an individual with different partners. Winning all four major championships consecutively but not within the same calendar year is referred to as a "non-calendar-year Grand Slam", while winning the four majors at any point during the course of a career is known as a "Career Grand Slam".

The term Grand Slam is also attributed to the Grand Slam tournaments, referred to as Grand Slams or Majors, and they are the world's four most important annual professional tennis tournaments. They offer the most ranking points, prize money, public and media attention, the greatest strength and size of the field and, in recent years, the longest matches for men (best of five sets, best of three for the women). The tournaments are overseen by the International Tennis Federation (ITF), rather than the separate men's and women's tour organizing bodies, the Association of Tennis Professionals (ATP) and Women's Tennis Association (WTA), but both the ATP and WTA award ranking points based on players' performances in them.

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