financial year
Definition:
The 12-month period used by an organization to serve as a fixed time span in which to meet its operational goals - revenue, profits etc. Frequently not the same as the calendar year: many organizations choose, for example, to operate a financial year which keeps in step with the government's fiscal year (e.g. mid-March/early April in the UK)
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© Westburn Publishers Ltd 2002, The Westburn Dictionary of Marketing edited by Michael J Baker, ISBN 978-0-946433-01-8. www.themarketingdictionary.com. Entry: [James R. Bureau],.